The price of barley in Saudi Arabia increased by 8 $/t

2020-01-27 12:21:52
Machine translation
The price of barley in Saudi Arabia increased by 8 $/t

State grain Agency of Saudi Arabia SAGO at the regular tender, bought 900 thousand tons of feed barley mainly Australian production with delivery in March-April at an average price of 224,45 $/t CFR, which is much higher than the price of the previous tender in mid-November, when it was purchased 1.02 million tons of barley at an average price of 216,62 $/t CFR.

 

in General, companies Agrorodeo, Casillo, Cargill, Cerealcom, Holbud, Lecureur, and Soufflet Louis Dreyfus has bought 15 batches of barley for the price of 222,4 $/t CFR – ports of the red sea and 230,08 $/t CFR ports of the Persian Gulf.

 

Saudi Arabia is the world's largest importer of barley, and in 2019/20 Mr SAGO tenders (except the last) has purchased 3.7 million tonnes of barley.

 

branch of the USDA in Riyadh predicts that due to the good conditions of the cattle grazing due to heavy rainfall in 2019/20 MG Saudi Arabia imports 6 million tons of barley, which is almost a third lower than in the previous season.

 

Ukraine barley prices at the port remain at a low level 166 to 168 $/ton 4800-4900 or UAH/t, with the beginning of the year sellers increased the number of proposals. In the current season Ukraine exported 3,825 million tons of barley is projected to sell 4.5-5 million tons.

 

the results of the tender in Saudi Arabia confirmed the competitive advantage of Australian barley before the European, which was acquired in the previous session. Ukraine in the current season almost exhausted export potential, while Russia may export 2.5-3 million tonnes of barley, realizing at the end of the season 5,8-6 million tons.

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