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RMI Analytics cut its 2024 world barley production forecast by 0.8 million tonnes to 143.7 million tonnes, mainly because of heat damage in Canada. Russia's crop is also down 4.1 million tonnes from 2023.
Lower world barley supply and shrinking export trade support barley prices, although the cut is modest and European malt demand remains weak.
ukragroconsult.comSep 9, 2024Not 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.
