Ukraine stands first among barley exporters after four months of season 2017/18

14.12.2017

USDA estimates that world barley exports will be 11% lower at 25.6 MMT in the 2017/18 season (-3.2 MMT compared to 2016/17) and 2.3 % below the five-year average.

The experts believe that reduction of barley purchases by China caused by some decrease in domestic corn prices will be the main reason for the exports decline. Moreover, some reduction of imports to Saudi Arabia is also expected, as they have high barley carryover stocks.

Nevertheless, during the first four months of this season, actual world barley exports were 16% higher than last year.

Over the period under review, Ukraine topped the list of largest barley exporters, despite lower export capacity this season. Russia took the second place having increased shipments by 76% compared to July-October 2016 and pushed Australia to the third place. The EU, Canada and Kazakhstan showed better results as well. Argentina gathered the lowest barley harvest over the last seven years that will significantly reduce its export capacity.

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

 

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