Spring Malting Barley Contract for Harvest 2014

Movement – Harvest 2014, Nov/Dec 2014, Jan/Feb 2015.

Final ex-farm value is a premium over a base feed wheat value.

The Base Feed Wheat Value is an average of the London LIFFE wheat:

Harvest 2014 Movement  –  Nov wheat + £20.00/T ( Nov wheat averaged on 15^th of Nov 13, Jan 14, March 14, May 14, July 14, Sept 14)

Nov/Dec 2014 Movement – Nov wheat + £25.00/T  ( Nov wheat averaged on 15^th of Nov 13, Jan 14, March 14, May 14, July 14, Sept 14)

Jan/Feb 2015 Movement – March wheat + £25.00/T ( March wheat averaged on 15^th of Nov 13, Jan 14, March 14, May 14, July 14, Sept 14, Nov 14, Jan 15 )

In all other respects, normal malting terms to apply.