Saudi Arabia has purchased 1.5 million tons of barley of the new harvest

State operator Saudi Arabia SAGO in the tender may 11 bought 1.5 million tonnes of feed barley origin, presumably from Australia, South and North America, the EU and the black sea.

the Main seller of barley became Glencore, which sold 960 thousand tons, and Louis Dreyfus, COFCO, Casillo and CBH Grain.

the purchase Price was 8% below the price at the previous tender, which was held in March, and made 223,94-233,49 $/t C&F for delivery in July-August of the current year to the ports of the red sea and 230,72-235,84 $/t C&F for delivery in July and August to ports in the Persian Gulf.

this season of Saudi Arabia acted as the driver of growth in the price of barley, from the tender before the tender was increased by 10-15 $/t, so the reduction in purchase price of barley of the new harvest was an important signal to the market of fodder crops, the prices of which continue to decline under the pressure of decreasing demand.

the price of Ukrainian barley of the new harvest in April reached 193-195 $/t in August and now dropped to 188-190 $/t