In the 2017/18 season, world stocks of barley will be the lowest for 30 years
According to experts, the USDA, in 2017/18 MG world stocks of barley reached its lowest in 30 years and will be only 17.5 million tonnes, which is 29% lower than the projected figure for the current season.
According to analysts, the attractiveness of this crop to farmers is reduced, which leads to a reduction in the acreage of grain and a corresponding decline in gross collection. In season 2017/18 world acreage under barley will be reduced by 960 thousand hectares to 47.2 million hectares, which will become the minimum figure since 1960.
After a record production of barley in the current season in Australia, the amount of acreage in 2017/18 MG will return to the annual average, whereas in the US it will be reduced to 2.5 million acres, which would be the lowest level since 1910. The reduction of gross yield of barley is expected in Canada, Ukraine and Kazakhstan.
Analysts believe that more attractive for farmers most of the countries in the new season are wheat, oats and sorghum.
In Ukraine, purchasing prices for barley remain low 3900-4100 UAH/t at the port. Barley of the new harvest, traders declare the price of 135-140 $/t on the basis of SRT for shipments in July-August.