Barley prices of new crop wheat prices exceeded

In the global barley market last shift of the supply lines due to political disputes between China and Australia. This reinforces the demand from China for barley from Ukraine and the EU, as well as the activation of the export of barley from Australia to Saudi Arabia.

is Usually the development of prices on the world market of barley specifies Saudi Arabia, which is its biggest buyer. However, in the current season driver prices for grains and oilseeds became China has dramatically increased the volume of imports, which led to higher prices.

In the latest tenders, barley prices with delivery to buyers in March-may is up to 277-286 $/t CFR.

as the recovery of pigs China is increasing imports of barley, and in the current season, according to experts IGC, may increase to 5.8 million tonnes, although the USDA estimates the import 7 million tons, and the Agency Strategie Grains in a record 10 million tonnes, which exceeds the predicted USDA volumes of import of Saudi Arabia at the level of 7.6 million tons.

From the beginning of the season, China imported 1,444 million tons of French barley, and 1.5 million tonnes of canadian.

Experts say that Chinese importers conduct large-scale forward purchase of French and canadian barley 2021, while the duty on imports of barley from Australia, not cancelled. Now contracted to 1 million tonnes of barley from Canada and 1 million tons with the EU, and in General, imports of French barley in 2021/22 MG may be 2 million tons.

China actively buys Ukrainian barley old and new crop. As a result, the price of feed barley in Ukraine increased to 242-245 $/t or 8100-8250 UAH/t for deliveries to the port in February, almost the same price of corn. Forward price on the new crop of barley for delivery in July reached 225-230 $/t, which is higher than the forward price of wheat for delivery in July, along 220-225 $/tons of corn for delivery in October-December, which offer 205-210 $/t

Australia after stopping exports to China increased deliveries to the countries of North Africa and the Middle East, who have traditionally bought the black sea and European barley.

Saudi Arabia on the last tender was acquired 660 thousand tons of feed barley (of which 600 thousand t AUD) at a price higher than before Australia was selling barley to their main market China.

the Australian Agency ABARES in a December report downgraded its forecast for exports of barley from the country in 2020/21 MG to 4-year high of 7 million tons, which is 13.8% higher than the forecast of September and by 63.6% - an indicator 2019/20 MG.