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Rabobank forecasts Australian barley production to rise 8% to 11.7 million tonnes in 2024/25. Chinese authorities have asked traders to favour domestic grain as inventories build, putting Australian barley flows at risk.
Global beer and whisky demand for barley has softened, and cheaper US corn and wheat are pressuring feed barley prices.
Larger Australian output, weaker Chinese import demand and cheaper alternative feed grains point to softer barley prices, though low stock-to-use may cushion the downside.
newshub.medianet.com.auRabobankFeb 12, 2025Not 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.
