IGC has significantly increased its forecast of barley harvest in the new season
In a new report of analysts IGC 3.1 million has increased the forecast of global barley production in the 2016/17 season MY. It is expected to reach 145 million tons, and only 2% will yield the value of the indicator 2015/16, which was a record for the last 6 years.
crop Estimate increased due to improved weather conditions in the EU countries, CIS countries, Canada and Australia. Forecast for Ukraine increased from 8.1 to 8.4 million tons, Russia – from 17.5 to 18 million tons, Canada with 8.4 to 8.6 million tons, Australia – from 8.6 to 9 million tons, EU countries – from 62.3 to 63.4 million tons.
Excessive precipitation in some regions of the EU, in particular in the UK and France concern about the quality of the barley. However, the rains did not cause significant damage to barley crops in Germany. In Spain a good weather contributed to high yields of the grain.
Analysts IGC noted that world production of barley in the new season will decrease relative to last year's level by 2% due to the large number of alternative proposals fodder crops. The volume of world trade of barley in the season 2016/17 MG will be reduced by 11% to 24.4 million tons, primarily due to the reduction of demand from China.