Paris Malting Barley Rises Above 300 Euros on Drought Worries
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Malting barley climbed above 300 euros ($427) a metric ton for the first time ever in Paris trading on concern drought in France will reduce the harvest of the grain used to make beer, whiskey and food.
Barley for delivery in November, after the next harvest, surged 13.50 euros, or 4.7 percent, to 303 euros a ton on NYSE Liffe. Malting barley for delivery next year and in January 2013 also gained.