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European malting barley prices have reached a five-year high of £205 per tonne as heatwaves cut crop growth by 50%. Europe supplies barley to brewers in the US, Southeast Asia and Africa, and crops in Russia, the US and Australia were also hit by heat.
Sharp European output losses and a five-year price high tighten global malting and feed barley supplies, supporting barley prices.
dailymail.comMail Foreign ServiceJul 30, 2018Not 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.
Published on the move date (2018-07-30), it reports European malting barley at a five-year high with heatwave crop losses of up to 50%, a direct supply-shock driver of barley prices.
