The malt barley outlook this month is down 45 cents a bushel for 2-row and 41 cents for 6-row. Above average yields in Europe have pressured international malt barley prices, narrowing the spread between malt and feed barley, especially 6-row. Timely rains have fallen in key areas of Australia, maintaining expectations for a large barley crop. Harvest weather in the coming month will be key to determining supplies of Canadian malt barley. The farm gate Saskatchewan price for 2-row malt barley is 3.44 a bushel, and for 6-row, its 3.05.
I make that a 13% price drop for 2-row, though I am not sure over what time span. We looked at this last in March when the Canadian Wheat Board was calling for a drop in 2-row from $320 to $263 a metric tonne. At last report, 2-row is now at $244 a tonne or $4.88 a bushel delivered to the dock. Which seems to imply that between the Prairie farm gate and the dock in Vancouver there is 41% increase for transportation. Which in itself make for a reason to consider movements like LocAle - especially if it were based on true carbon footprint.