Low demand on the world market limit the growth of barley prices

an Increase in supply of grain as harvest progress in the Northern hemisphere weakens speculative factors, which in July affected the markets for the delay of delivery of grain to ports.

France has completed the harvesting of winter barley and spring barley were thrashed, which is 56% of the area compared to 85% at that date in 2019

the preliminary results of harvesting the European Commission reduced compared to the estimated June forecast of barley production in the EU by 2 million tonnes to 54.1 million tonnes.

Tunisian Agency ODC to tender July 30, purchased 75 thousand tonnes (out of the planned 100 thousand tons) of feed barley, French origin with delivery in August-September at an average price of 205,84 $/t C&F, which hardly differs from the purchase price on the tender of Saudi Arabia and evidence of the unwillingness of buyers to raise prices amid growing suggestions.

In Russia, with 2.4 million hectares or 28.2% of the areas harvested 7.9 mln tonnes of barley with a yield of 3.27 MT/ha, while on this date last year were collected 6.3 million tonnes of barley with a yield of 3.25 t/ha. Production is estimated at previous year's level of 20 million tons and the forecast of exports in the range of 4.5-5 million tonnes Since the beginning of the season already exported 464 tonnes, which is 2% below last year's level.

Ministry of economy of Ukraine holds the data about the harvesting that would have to disclose on Fridays, although previously the Ministry of agriculture has updated them daily. Forecast of barley production remains at the level of 8.5-9 million tons and its exports – in the range of 3.5-4 million tons.

For the week, Ukraine increased exports of barley three times to 413 thousand t, and since the beginning of the season shipped 714 thousand tonnes, which is 13% less than the previous year.

the Purchase price of domestic barley grew during the week in the ports 1-3 $/t to 170-172 $/t or 5750-5850 UAH/ton, but traders are in no hurry to raise them in anticipation of an increase in offers as the harvest in the Central regions of the country.