CWB Sets Malting Barley Premiums

WINNIPEG - Aug 10/06 - SNS -- The Canadian Wheat Board (CWB) set protein premium levels for malting barley for 2006-07, ranging from a low of CDN $1 per metric ton (MT) for barley with 12.5% protein to a high of $5 for malting barley with 11% or less protein.

Protein levels of 12.6 and higher will not receive any premium, but are still eligible for selection and delivery under the normal CGC grades. Protein levels are one indicator of malting characteristics. Levels that are too high can affect malting and brewing quality.

Protein premium payments will be based on protein test results of delivery samples, as verified by a third party. Payments will be made within 30 days of delivery. The program is limited to two-row malting barley because its market has the most clearly defined relationship between protein levels and prices paid by end-use customers.

   Schedule of Protein Payments
2006-07 Malting Barley Deliveries

Protein              Payment
Level                per MT
12.5%                $1.00
12.4%                $1.20
12.3%                $1.40
12.2%                $1.60
12.1%                $1.80
12.0%                $2.00
11.9%                $2.30
11.8%                $2.60
11.7%                $2.90
11.6%                $3.20
11.5%                $3.50
11.4%                $3.80
11.3%                $4.10
11.2%                $4.40
11.1%                $4.70
11.0% and below      $5.00