SASKATOON – Initial payments for designated barley have been boosted by $20 a tonne.
The new price for special select Canada Western two-row is $155 a tonne, while special select six-row is now at $145 a tonne.
Prices are for grain in storage at Thunder Bay or Vancouver. Payments at the local elevator depend on freight and handling charges, which average $28.47 a tonne.
“World malt and malting barley prices have strengthened in recent months due to limited Australian and European supplies of malting barley,” Canada’s agriculture minister Ralph Goodale said.
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Canada has a high quality barley crop and is expected to be the world’s dominant supplier of two-row malting barley this year.
This marks the second time in less than two months the initial payment for malting barley has been increased. In late October, payments were raised by $25 a tonne. Adjustment payments for barley sold between Aug. 1 and Dec. 13 will be mailed to farmers the first week of January.
The board projects a total payment for 1994-95 of $168-$178 a tonne for special select two-row and $158-$168 a tonne for special select six-row.
