The results of recent tenders indicate that demand and prices for barley remain high

Despite the increase in global supply of feed barley and wheat this season, import demand for barley remains quite high, and tender prices exceed prices for wheat and corn by $15-20/t.

According to Reuters, the Turkish Grain Agency TMO purchased, as planned, 210,000 tons of feed barley in an international tender on January 15, with delivery from January 26 to February 24 at an average price of $264.7/ton CFR.

The following batches of barley were purchased at the tender:

• 50 thousand tons from Ipek at $259.5/ton CFR - Iskenderun port,
• 25 thousand tons from Bunge at $269/ton EXW - Adana port,
• 50 thousand tons from Bunge at $260.9/ton CFR - Mersin port,
• 25 thousand tons from Bunge at $266.8/ton EXW - port of Izmir,
• 25 thousand tons from Ipek at $265.4/ton EXW - Samsun port,
• 10 thousand tons from Ipek at $265.8/ton EXW - Trabzon port,
• 20 thousand tons from Arion at $266.4/ton EXW - Giresun port,
• 5 thousand tons from Ipek at $263.9/ton EXW.

On January 14, the Ministry of Industry and Trade of Jordan held a tender for the purchase of 120,000 tons of feed barley, where it purchased 60,000 tons of barley from Cargill for delivery on April 1-15 at a price of $273.5/ton C&F Aqaba.

Recall that on December 17, the Jordanian state grain procurement agency MIT purchased 60,000 tons of barley at an international tender for delivery in the first half of March at a price of $270/ton C&F.

In Ukraine, high export demand supports prices for sorghum at the level of 10,500-10,800 UAH/t or $215-220/t, while prices for feed wheat and corn are 9,900-10,000 UAH/t or $202-205/t.

Such high prices are due to a shortage of offers from farmers, as a result of which barley exports in the first half of the 2025/26 MY amounted to only 1.32 million tons compared to 2 million tons for the same period last year, although the export forecast is the same as in the 2024/25 MY.

Low corn prices and a large corn harvest may reduce domestic barley consumption in Ukraine and increase export supply in the second half of the season, so we do not expect barley prices to increase in the future.

In the 2024/25 MY, Ukraine reduced barley exports by 12% compared to the previous season to 2.18 million tons, which was the lowest figure since the 2012/13 MY.