The malting barley price for Boortmalt suppliers hit €400/t last week when the company began tracking the average FOB Creil Planet price for July 2022 from mid-April to mid-September for a 24-week period to calculate the Irish harvest price.

The IFA confirmed to the Irish Farmers Journal this week that averaging is going ahead, using the price at close of business each Wednesday. The opening price was €400/t on 14 April, up €21/t on the week previous.