Increased the purchase price of barley in the tender in Saudi Arabia

State Agency Saudi Arabia SAGO purchased the tender of 1.02 million MT of feed barley.

in Particular was purchased by the following parties:

Glencore 5 games for 60 thousand t at the price 268,54-268,94 $/t C&F for delivery in the period 1 January-28 February 2019 to the Gulf ports,

the company Cofco Resources 1 batch of 60 thousand tons at a price 267,24 $/t C&F for delivery in 15-30 January 2019 to the Gulf ports.

• Glencore 11 batches of 60 thousand tons at a price 265,42-266,42 $/t C&F for delivery in the period 1 January-28 February 2019 to the ports of the red sea,

In September, we purchased 1.5 million tons of barley at an average price of 260,79 $/MT CIF ports of the red sea and the Persian Gulf on the conditions of supply in November-December.

Ukraine barley prices at the port are quite high: 7200-7300 UAH/t or 215-220 $/t. However, low yield of export will not exceed 3.5-4 million tonnes, of which at the end of October already exported 2.5 million tons.

Reduction of barley production in Russia to 17.6 million tons, compared with 21.5 million tons last MG will lead to lower exports from 5.5 to 3-3,5 million tons At the end of October, the country exported 2.1 million tonnes of barley, which is 15% inferior to the corresponding indicator of the previous season.