Prices supports demand for barley by Saudi Arabia
Saudi Arabia at the regular tender, bought 1,002 million MT of feed barley production in North and South America, the EU and the black sea region, Australia.
the purchase Price compared with the previous tender has not changed and amounted 212,4-218,62 $/t FOB the ports of the red sea for party 624 thousand tons and 216,47-220,61 $/t FOB the ports of the Persian Gulf for the batch of 378 kt, provided that delivery within Feb – March 2018.
But if the tender of the main suppliers was the black sea countries, now the grain is purchased mainly from Australia, EU and Canada.
After rapid growth early in the season barley prices remain at the level of prices for food wheat, despite a record global crop of feed grains. The main factor supporting prices was the reduction of barley production in Ukraine by 2.5 million tonnes compared to last year.
due to the lack of significant proposals, the domestic demand for barley decreases somewhat, but the prices at the port remain at the level of 168 to 171 $/t