The world barley crop in 2019/20 MG to reach 10-year high

2019-05-14 12:04:17
Machine translation
The world barley crop in 2019/20 MG to reach 10-year high

According to the may report USDA in 2019/20 MG world barley production will increase in comparison with the previous season, 13.5 million tonnes to 153,31 million tonnes, which will be the maximum of the last 10 years, though will cede record 179,46 mn t 1990/91 season.

 

the Increase in gross collection due to increased production in the EU by 6 million tonnes to 62 million tonnes. In addition, due to the expansion of cultivated areas, the crop of barley will grow up:

Ukraine - 1.4 million tonnes to 9 million tonnes,

Russia – 1.26 million tonnes to 18 million tonnes,

Turkey – 1.1 million tons to 8.5 million tons,

Australia - 0.9 million tonnes to 9.2 million tonnes.

  • in Canada - 1.4 million tons to 9.8 million tons,

 

Despite the increase in forecast production, world ending stocks of barley in 2019/20 Mr will only grow by 3.31 million tonnes to 20,07 million tonnes, which is the third lowest figure the last 35 years.

 

Global imports of barley in 2019/20 MG will grow by 1.65 million tonnes to 27.96 million tonnes, thanks to increased purchases by Saudi Arabia by 0.9 million tons to 8.5 million tons, Morocco at 0.9 million tons to 1.2 million tons, China by 0.5 million tonnes to 7 million tonnes.

 

in addition, in season 2019/20 EU countries will increase the exports of barley by 1 million tonnes to 6 million tonnes, Russia and Australia by 0.5 million tons to 5.3 and 5 million tonnes respectively, Ukraine by 0.3 million tonnes to 4.5 million tonnes.

 

the Increase in production forecasts have fallen off the world price of barley to 185-200 $/t delivered to port of buyer, followed by the purchase prices for barley in Ukraine delivery to the port in July fell to 156-160 $/t. Further price dynamics will be determined by the condition of crops in the major exporting countries, now where weather conditions are conducive to planting spring barley and development of plants.

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