IFA deny any 'serious problem' with malting barley contracts
Published 22/03/2016 | 02:30
The IFA has denied there is a "serious problem" with the Boortmalt malting barley contract as growers begin sowing this week.
Liam Dunne, the IFA's grain committee chairman, said a pricing arrangement had been agreed before Christmas to allow greater forward selling opportunities. Mr Dunne said Boortmalt are still involved in the selling arrangements for some malt, after making arrangements with growers.
"In a developing situation, there wasn't and still isn't any serious problem," he said.
Mr Dunne said everyone was "happy" with it, including the stakeholders and the IFA.
He said growers were getting some exceptionally good prices as high as €176/t in forward selling options.
However, the Irish Grain Growers Association (IGAA), said there was a "serious problem" as there was a "material change" in the contract that had been agreed late last year.
Bobby Miller from the IGGA, formerly the Irish Malt Growers Association, pointed out it was now suggested that 25pc of the contract tonnes would be paid at a surplus price to be set by Boortmalt after harvest.
Mr Miller pointed out growers had "agreed a deal and forward sold grain on the strength" of the agreement reached late last year and they rejected the changes.