Turkish agency TMO purchased Barley at a price of 2 23 / ton higher than in early October

2021-10-27 12:08:15
Machine translation
Turkish agency TMO purchased Barley at a price of 2 23 / ton higher than in early October

The rapid rise in prices for wheat and corn increases the demand for other feed crops, in particular barley and oats, which also began to rise in price on world markets.

 

This week, the Turkish agency TMO held another tender for the purchase of barley, where it purchased 235 thousand tons for delivery in December at an average price of C 338.6/t CFR, which is 2 23.2/t higher than the purchase price of the previous tender of October 8, by 3 33.8/t – the tender price of September 21, by.38.4/t – the tender price of September 7 and by 5 53.6/t – the tender price of August 20.

 

From September to the end of the year, Turkey reduced to zero import duties on wheat, rye, barley, oats, corn, peas and lentils due to a decrease in its own crop, which activated imports. According to the USDA forecast, Turkey may import up to 2.3 million tons of feed barley this season, mainly from Ukraine and Russia. As of October 17, Russia has already delivered 51 thousand tons of barley to Turkey, compared with 38 thousand tons on the same date last year, but a decrease in the barley harvest in Russia will reduce the volume of supply and increase demand for Ukrainian barley.

 

As of October 25, Ukraine exported 4.207 million tons of barley in the current season, which is 28% faster than last year's pace and almost equal to the total exports of the previous season, which amounted to 4.23 million tons.

 

IGC experts lowered their forecast for global barley production in 2021/22 MG to 147 million tons compared to 159 million tons in the previous season, although the USDA in October estimated it at 147.9 million tons.

 

Purchase prices for feed barley in Ukraine are growing against the background of reduced stocks, and have already reached 7600-7750 UAH/ton or 255-260 $/ton in ports, although at the beginning of the season they were a record 8100-8300 UAH/ton.

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