In the midst of the plebiscite on the CWB's monopoly regarding barley sales, Agricore posted prices they would pay for feed barley . . . if they could buy it from farmers. (h/t, The Truth about Marketing Choice)

On Thursday, Agricore's spot feed barley price was C$233.70 ($198) a tonne, basis Vancouver, 23 percent higher than the Canadian Wheat Board's projected pool return of C$190 a tonne, basis Vancouver.

Naturally, the CWB fought back . . . not by raising their prices, but with a media reply:

"You can quote any price you want, as long as you're not trading it," Maureen Fitzhenry said.

However, Agricore's prices do seem to have a basis in reality . . . a reality the CWB itself is capitalizing on.

A spokeswoman for the CWB said Agricore's price seemed to reflect recent feed barley sales made into the Japanese market, where demand is limited.

But then, rather than pay farmers the value of the grains, the CWB would prefer to skim that for itself.

Cheers,
lance

Posted at: 08:19 | Comments (0) | [politics] | G