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Diageo extends malting barley contract
Scotland's largest distilling company, Diageo, has extended its pioneering malting barley contract for another two years. The deal, which was trialled last year, allows farmers to lock 70% of the malting barley they supply at a set premium, rumoured to be about £20/t, over November wheat futures. The remaining 30% can be traded at open market prices. Diageo hopes that extending the contract will bring longer-term stability to the barley market and secure supplies for its 28 malt and two grain distilleries in Scotland.
Link: http://www.fwi.co.uk/Articles/2010/11/26/124531/Drinks-giant-extends-malting-barley-contract.htm
written on 28.11.2010 um 19:46.
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