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Australian - New push on barley market
Weekly Times, May 5, 2004
THERE has been another move towards deregulating the NSW barley market, with the NSW Government introducing domestic malting barley permits for the coming harvest.
Buyers will have to pay the NSW Government -- through the NSW Grains Board -- a $1.50 a tonne permit fee for the right to acquire malting barley for end users.

Malthouses will pay a fee of $5 a tonne to GrainCorp, as the holder of the barley vesting rights in NSW.

Vesting rights will remain for export malt barley until October, 2005, when deregulation occurs. GrainCorp acquired the vesting rights through its takeover of Grainco Australia last year.

Grainco Australia bought the vesting powers in October, 2000, following the financial collapse of the NSW Grains Board.

GrainCorp managing director Tom Keene said the new permit system should create a cash market for malting barley in NSW.

"This will provide more real competition," Mr Keene said.

"It will also have the effect of removing the incentive to deliver malt barley as feed barley, by creating an active cash market for both feed and malt barley. In turn, this should increase the supply of malt barley to service the premium markets, both export and domestic, and thus increase the overall returns to grain growers."

A company spokesman said the feees of $6.50 a tonne would not be passed on to growers and were likely to be "competed away along the supply chain".

The permit system has been welcomed by South Australian bulk handler AusBulk, which bought Adelaide Malting and Joe White Malting in recent years.

AusBulk senior grain merchant Tim Krause said the company opened a NSW office a year ago, in anticipation of state barley market deregulation.

GrainCorp introduced a permit system for export canola and sorghum last year but no permits were issued. The company attributed that to a poor harvest.
MGR Archive 7.5.2004
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