Growers to meet on €165/t Boortmalt bid
Malting growers are to meet in Carlow tonight to discuss the latest offer of €165/t from Boortmalt.
The price relates to some 60,000t of malting barley grown on contract for Boortmalt suppliers and is based on a moisture content of 20pc and excludes VAT.
However, Boortmalt has also agreed to pay the full premium for some 30,000t of surplus malting barley.
IFA grain chairman Noel Delany said this year's malting barley negotiations took place against a very difficult backdrop after former Greencore Malt management cut contract tonnage by one-third and the number of suppliers by close to 50pc, to just under 500.
"Significant progress has been made with Boortmalt agreeing to purchase close on 50pc more than the contracted tonnage at full premium," he said.
"Talks are to resume post-harvest to examine how the process can be further streamlined to allow for increased malt and malting barley production, benefiting both farmers and the malster."
Malt markets remain slow in general as the global recession takes its toll on beer and whiskey consumption.
However, international prices for malting barley have improved, particularly in the past six weeks.