Barley growing in the shadow of Boortmalt just outside Athy, Co Kildare. \ Philip Doyle
ADVERTISEMENT
The Boortmalt harvest price has now been finalised at €398.38/t. The harvest price was calculated by taking the French malting barley price, the Free-On-Board (FOB) Creil Planet price, at the close of business every Wednesday from 14 April to 22 September.
Irish farmers are paid the equivalent of the French dried price for green barley.
However, this season suppliers delivered barley at record low moisture contents and would have had weight loss as a result of moistures as low as 10.5% in some cases.
ADVERTISEMENT
The price on 8 September was €352/t. This dropped to €345/t on 15 September and went back up to €350/t on 21 September to finalise the price at €398.38/t.
At present, an energy charge of €12.50/t is due to be taken off this price, which would leave the price at €385.88/t.
A full list of the prices contributing to the average is detailed below. These prices are supplied to the Irish Farmers Association by Boortmalt.
Some farmers have forward sold barley at prices of €250/t and €270/t. They took up these offers before averaging started and at the time it was a sensible decision to make to manage risk.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Boortmalt harvest price has now been finalised at €398.38/t. The harvest price was calculated by taking the French malting barley price, the Free-On-Board (FOB) Creil Planet price, at the close of business every Wednesday from 14 April to 22 September.
Irish farmers are paid the equivalent of the French dried price for green barley.
However, this season suppliers delivered barley at record low moisture contents and would have had weight loss as a result of moistures as low as 10.5% in some cases.
The price on 8 September was €352/t. This dropped to €345/t on 15 September and went back up to €350/t on 21 September to finalise the price at €398.38/t.
At present, an energy charge of €12.50/t is due to be taken off this price, which would leave the price at €385.88/t.
A full list of the prices contributing to the average is detailed below. These prices are supplied to the Irish Farmers Association by Boortmalt.
Some farmers have forward sold barley at prices of €250/t and €270/t. They took up these offers before averaging started and at the time it was a sensible decision to make to manage risk.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS