Tender in Saudi Arabia warm-up the price of barley
Saudi news Agency SDAG February 16, held a tender, where he purchased 960 tonnes of feed barley made in Australia, the EU and the black sea, North and South America at a price 238,59-251,84 $/t C&F for delivery in the period 1 April to 15 may.
invited 25 of the companies-exporters participated in the bidding had 16, of which 6 were winners.
the Average price of purchased 16 cargo of 60 thousand tons was 243,47 $/t C&F, by 26.74 $/t exceeded the average purchase price of trades on January 12.
After each held by Saudi Arabia in the current season of the tender procurement prices for barley to grow by 10-15 $/t. the Growth rates in comparison with January auction immediately for $26/ton will cause a further increase in purchase prices, particularly in Ukraine, where due to the reduction of harvest to 8.5 million tonnes, the export potential is almost used, because global markets already sold 4 million tons of barley.
barley Prices at the port are 173-175 $/t or 5650-5700 UAH/t, which is almost equal to the value of milling wheat with protein 11.5 percent.