Russia. The pace of barley exports are the lowest in the last four seasons

11.10.2016

In August, 2016/17 MY Russia exported 349.8 KMT of barley, which was 42.5% lower than in August, 2015/16 MY (606.7 KMT), informs UkrAgroConsult. During two months of the season shipments decreased by 33% - to 801.9 KMT against 1197.9 KMT in July-August 2015/16 MY. In addition, according to market operators, barley exports from Russia continued to decline in September.

During the reporting period shipments to the market of the main consumer - Saudi Arabia decreased by 40.5% - to 453.7 KMT against 763.7 KMT over the same period last season. At the same time, slight increase in supply was observed on the markets of Lebanon, Egypt, Turkey, Israel and Iran.

This year barley crop in Russia gave hopes for higher export potential. The question is when exports will gain pace. Meantime, the majority of market participants are focused on wheat.

 

UkrAgroConsult

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