NYSE Liffe will launch malting barley futures and options on May 10. The euro-denominated contracts will be based on malting barley from any European origin and have a lot size of 50 tonnes. The exchange suggested they could be used for hedging by maltsters, brewers and distillers.
The contracts have been planned for some time but there was a
debate as to whether they should be based on malt barley, which
is a high grade used for making beer, whisky and malted drinks,
or lower grades which are used for feeding animals. The lower
grades make up the bulk of production.
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