Barley market is tightest in 34 years!

08.06.2017

The global downward trends in grain prices have affected barley significantly. This season’s barley prices were at a six-year low, UkrAgroConsult reports.

At the same time, the world barley trade is rather weak. In July-March 2016/17, global barley exports lag 8% behind last season. The main drop is seen in the European market.  Having boosted exports, Ukraine managed to just partially offset the fall in European sales.

The situation will change in 2017/18 season: competition among major exporters is expected to weaken. Overall, the world’s production will decrease 7%.

world barley crop

In this case the global barley carryovers may fall to the lowest level in the last 34 years and the market will get prerequisites for stopping the long-term downward trend and beginning growth of prices.

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

 

UkrAgroConsult

 

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