wilagro
Perhaps you can help me on malt barley. Page 43 of the annual report shows a $13.45/benefit for malt barley. Page 50 of the annual report shows a port based returns for malt barley of $194.41/tonne. Feed barley pool "A" was $194.41 (page 53) and pool "B" $260.18 (page 55). I assume the difference between malt and feed barley is timing of sales. How can you compare CWB asking prices to outside markets if the sales department is not active that month? How does the CWB average out sales when there are effectively no real hedging tools for malt barley? Where did the benefit come from?
Perhaps you can help me on malt barley. Page 43 of the annual report shows a $13.45/benefit for malt barley. Page 50 of the annual report shows a port based returns for malt barley of $194.41/tonne. Feed barley pool "A" was $194.41 (page 53) and pool "B" $260.18 (page 55). I assume the difference between malt and feed barley is timing of sales. How can you compare CWB asking prices to outside markets if the sales department is not active that month? How does the CWB average out sales when there are effectively no real hedging tools for malt barley? Where did the benefit come from?
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