Canadian Malting Industry Rejects CWB's New Malting Barley Price System

    OTTAWA, Dec. 27 /CNW/ - The Malting Industry Association of Canada (MIAC)
today informed the Canadian Wheat Board (CWB) that the malting industry is not
satisfied in the Board's currently proposed Guaranteed Price Production
Contract scheduled to be implemented in the New Year.
    Over the course of the past 4 months the malting industry has held
extensive discussions with the Canadian Wheat Board in an attempt to develop
alternative mechanisms for marketing barley that better fit the needs of
farmers and end-users. Unfortunately, the program currently offered by the CWB
does not meet the industry's most fundamental requirement: that of providing
clear, accurate and fully transparent price signals. The CWB's proposal limits
the price going back directly to farmers, thereby continuing the inability to
send proper price signals to growers. The industry will continue to advocate
to the CWB that before any new program is unveiled, it must fully address the
industry's concerns and most importantly the issue of full price transparency
and accurate price signals back to the farmer.
    MIAC will continue to work collectively with all other stakeholders in
the barley supply chain to have the Government of Canada introduce legislation
which offers barley farmers Market Choice effective August 1, 2008.

    The Malting Industry Association of Canada represents the four major
malting companies in Canada. They include: Canada Malting Company Ltd. with
plants in Calgary, Thunder Bay and Montreal. Rahr Malting located in Alix,
Alberta. Prairie Malt Limited located in Biggar, Saskatchewan. and ADM Malting
located in Winnipeg. Collectively, the companies are the largest customers of
the CWB buying approximately 1.1 million tonnes (60% of the entire CWB pool)
of malting barley annually. Canada is the 2nd largest world exporter of malt.

For further information:

For further information: please contact Phil de Kemp, President, Malting
Industry Association of Canada, (613) 271-9774 or cell (613) 290-7336

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Malting Industry Association of Canada

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