European Barley Malt Prices Trend Down, Dollar Trending Up Against Euro and Pound

Will the price of European barley malt go down while the $US gains strength? Increased purchasing power and lower malt prices, denominated in Euros and British Pounds, could combine for significant benefits for Mad Fox. This is especially important to Mad Fox since we will rely on the highest quality British and German malt.

E-Malt reports the 2008 European barley malt crop is estimated to be at near record levels, with an increase of 8-11%.

Link: http://e-malt.com/IndexNews.asp?Id=13725 (paid access)

The Wall Street Journal Currency Futures Report has the dollar trending up against the Euro and British Pound for December 2008 and March 2009 puts.

Link: http://online.wsj.com/mdc/public/page/2_3024-futopt_currency.html

~ by madfoxbrewing on September 10, 2008.