EU barley sale worth $ 145 / T , for Saudi - sources .  PARIS 1996-08-29  A European Union sale of 234,324 tonnes of German intervention barley is worth some $ 145 per tonne fob [START_ENT] Germany [END_ENT] and is mostly destined for Saudi Arabia , European grain sources said on Thursday .  The EU 's cereals management committee sold 234,324 tonnes of German intervention barley at a minimum price of 105.07 Ecus per tonne .  Saudi Arabia provisionally bought 800,000 tonnes of optional-origin barley at an August 21 tender at prices between $ 160 and $ 162 including cost , insurance and freight , traders said last week .  But European grain traders and officials said the Saudis might reduce the purchase to 600,000 tonnes .  Traders have said a substantial part of the deal was likely to come from the European Union , which enjoys a supply and freight advantage over other producers .  But subtracting freight costs , the equivalent fob price of the deal is around $ 142 , well below the $ 149 per tonne floor price which the EU put on its barley as news of the deal emerged last week .  Last Thursday the EU sold 34,277 tonnes of German intervention barley at a minimum price of 109.36 Ecus per tonne , which was seen as worth $ 149 per tonne fob .  -- Paris newsroom +331 4221 5432
EU barley sale worth $ 145 / T , for Saudi - sources .  PARIS 1996-08-29  A European Union sale of 234,324 tonnes of German intervention barley is worth some $ 145 per tonne fob
Germany
and is mostly destined for Saudi Arabia , European grain sources said on Thursday .  The EU 's cereals management committee sold 234,324 tonnes of German intervention barley at a minimum price of 105.07 Ecus per tonne .  Saudi Arabia provisionally bought 800,000 tonnes of optional-origin barley at an August 21 tender at prices between $ 160 and $ 162 including cost , insurance and freight , traders said last week .  But European grain traders and officials said the Saudis might reduce the purchase to 600,000 tonnes .  Traders have said a substantial part of the deal was likely to come from the European Union , which enjoys a supply and freight advantage over other producers .  But subtracting freight costs , the equivalent fob price of the deal is around $ 142 , well below the $ 149 per tonne floor price which the EU put on its barley as news of the deal emerged last week .  Last Thursday the EU sold 34,277 tonnes of German intervention barley at a minimum price of 109.36 Ecus per tonne , which was seen as worth $ 149 per tonne fob .  -- Paris newsroom +331 4221 5432
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