Barley prices rise following wheat and corn markets

Turkey's active purchase of barley supports prices for Black Sea barley, which is becoming more expensive following rising prices for wheat and corn.

In Ukraine, purchase prices for feed barley have finally resumed growth and reached the level of prices for feed corn, but remain 2 20/ton lower than for feed wheat.

Since the beginning of the season, as of October 8, Ukraine exported 3.912 million tons of barley, which is 28% faster than last year's pace and almost corresponds to the total volume of exports in the previous season of 4.23 million tons.

According to analysts, another 1 million tons of barley remain free for export in Ukraine, but producers will activate its sales only in the spring after sowing spring barley.

Last week, the Turkish agency TMO purchased at the tender 310 thousand tons of feed barley for delivery in October at an average price of C 315.4/ton CFR, which is 1 10.6/ton higher than the purchase price at the previous tender on September 21, by 1 15.4/ton - the tender price on September 7 and by серпня 30.4/ton – the tender purchase price of August 20.

Offer prices increased significantly compared to previous trading and were in the range of 3 316.5-347/ton CFR, which confirms the price growth trend.

In Ukraine, purchase prices for barley increased over the week in ports by 100-200 UAH/ton to 7500-7700 UAH/ton or 2 253-255/ton due to a shortage of offers from producers who are engaged in harvesting late crops and sowing winter crops.

In Russia, as of October 7, 18.4 million tons of barley were threshed from 7.7 million hectares or 98% of the area, compared to 21.8 million tons in the previous season. Since the beginning of the season, only 1.4 million tons have been exported, which is 32.5% lower than last year's pace, so it is unlikely to reach the USDA forecast of 5 million tons.