December 1999 Edition
EU Grain Product Export Licenses Off 35 Percent From Last Year's Pace
EU grain product export license awards have slowed this year as new buying patterns emerge. Smaller flour licenses appear to reflect a fundamental drop in demand as some traditional importers look to expand milling capacities (see story inside). But the slower pace of malt export awards, which may only be temporary, can be attributed to new buying strategies rather than a drop off in demand.
Historically, EU malt business and license acquisition is mostly completed in October and November after the barley harvest and malt subsidies (tied to barley) are announced. This year, however, foreign buyers have been contracting for smaller amounts to cover only nearby needs. With high international barley prices and relatively small malt export subsidies, exporters have obtained only enough licenses to cover sales already on the books. However, a pickup in licenses is expected in the second half of the year because of lower prices and higher expected subsidies (currently $35/MT).
All Grain Summary Tables: Foreign Countries and US Data
Foreign Countries' Policies and Programs
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed Contact List
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