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Australian barley exports are running significantly higher year on year, with 1.8 Mt shipped to Saudi Arabia so far this season. Production of 12.7 Mt was the second highest on record, giving 15.3 Mt of supply including carry-in.
Asian feed demand is rising as Australian barley fills feed deficits left by China.
Strong export demand for Australian feed barley, especially from Saudi Arabia and Asia, supports Australian barley prices despite the loss of Chinese malt premiums.
farmweekly.com.auClaudia Kirby, Agricultural Analyst, Profarmer AustraliaMar 24, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
