Barley crop decline in Black Sea countries will support world prices in 2018/19 season

20.07.2018

According to USDA’s July report, global consumption of barley in the 2018/19 season will still exceed its production in the top growing countries. It is worth pointing out that export prices at the start of the new season are appreciably higher than last year, even though the harvest is in full swing in some of the major growers. At the moment, prices are supported not only by all-time low barley carryovers but also by concerns about the size of the new crop.

Thus, the world trade volume in the current season will significantly depend on export potential of key exporting countries, in particular major players such as Ukraine and Russia.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain” by UkrAgroConsult.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop as well as progress in harvesting and crop conditions in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

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