Barley is expensive due to high demand
the Second season in a row, world production of barley is below the consumption. This season, the difference will be 6 million tons According to forecasts of USDA, global ending stocks of barley in 2017/18 MG drops below the level of 20 mln tonnes, which will be observed for the first time since 1983/84 MG.
unlike wheat and corn, the production of which in recent years steadily increased, a record barley harvest – 180 million tons was harvested in 1990 As grain demand from the major importers is reduced, the main producing countries, including Ukraine, reduce the amount of acreage under barley.
As of July 21, domestic farmers with an area of 1.4 million hectares (57% of the planned harvesting 2.5 million hectares) collected 4.6 million tons of barley with an average yield of 3.19 t/ha (in 2016 – 3,26 t/ha). Although as the collection of spring barley yields will increase, the gross yield will still be lower than last year.
In the season 2016/17 MG in comparison with the previous season, Ukraine increased exports of barley by 21% from 4.41 to 5.35 million tonnes, which was a record figure for the past 7 years.
the price of barley in the port increased from 140 to 150 $/t or 4700-4800 UAH/ton.
the world's Largest importer of barley is Saudi Arabia last week announced a tender for the purchase of 1.5 million tonnes of feed barley, where he acquired at least 900 thousand tons of grain on the terms of delivery to the ports of the red sea and the Persian Gulf during September-October at a price of 198,77-210 $/t (depending on port of delivery).