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Ukrainian feed barley prices at Black Sea ports fell to $145-150 per tonne in early April, down from February levels. Demand is weak as Australia and Argentina have increased barley deliveries and new-season production is forecast higher, although China's purchases earlier in the season lifted export prices.
Weak Black Sea barley pricing and expanding Australian and Argentine supply add pressure to global feed barley values. Late-season Ukrainian export demand from Turkey and the EU provides limited support.
ukragroconsult.comApr 5, 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.
