Saudi Arabia has purchased in the tender 780 thousand tons of barley

2019-08-27 12:10:34
Machine translation
Saudi Arabia has purchased in the tender 780 thousand tons of barley

the tender August 23, the state Agency of Saudi Arabia SAGO bought 780 tonnes of barley at an average price of $ 206,76. Dollars per ton for delivery in October-December.

 

the Average purchase price was at $ 13 more expensive compared to the prices in the tenders during may and June, when it was purchased 840 and 900 thousand tons of barley respectively at a price of about 193$ / ton C&F for delivery in June, October .

 

the Main winner of the tender was the company Bunge, which has sold 420 thousand tons at prices 198,5-210$/t C&F depending on terms of delivery.

 

Cargill, and Ameropa has sold 60 and 120 thousand tonnes of barley at the highest price 219,55$/t C&F 217,5$/t C&F respectively.

 

At the last tender, a lot of barley was presented to the European origin, because a good harvest of barley in the EU has led to lower prices and a low dollar to Euro exchange rate contributes to the high attractiveness of barley given origin.

 

Ukraine increased barley production this season by 18% - to 9 million tons compared with 7.6 million tons. last year, thanks to higher yields, and despite the large reduction in purchasing prices increased its exports since the beginning of the season by 36% in comparison with the past to 1.63 million tons.

 

But since the beginning of August the demand for Ukrainian barley from the major importers began to decline, leading to lower purchase prices to the level 163-165 $/t delivery port, 3-5 dollars cheaper than a month ago, when the market is the primary buyer was China.

 

the Increase in purchase prices for the tender in saydovskoy Arabia will push the world price of barley up a bit and possibly intensifying trade of barley in Ukraine, and this, in turn, will strengthen the purchase price.

 

But high yields of barley in Europe and Russia continues to put pressure on world prices of barley, and also to make a serious competition of Ukrainian barley in this season.

 

Russia's barley have been removed from 63.7% of the acreage, or 5.6 million hectares and produced 15.1 million tons with an average yield of 2.69 t/ha (2018 – 2,43 t/ha), which confirms the forecasts of production at the level of 19-20 mln tonnes, compared with 17 million tonnes in 2018, when the barley for export was shipped about 5.5 million tons.

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