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Barley production fell sharply in 2024 across the Black Sea and Danube region, mainly because of poor winter conditions and summer drought, with area also cut. Odesa barley prices rose $7 to $170-173 per tonne in early August, and farmers are holding sales.
Chinese demand is strong, with about half of July barley exports going to China.
Lower regional supply plus farmer holding and strong Chinese demand support barley prices in the Black Sea. Buyers should expect firmer offers into the new season.
millermagazine.comNewclick Dijital Reklam AjansıAug 13, 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.
