# Australia: Prices plumb new lows

> Australian grain prices hit new seasonal lows on March 7, with Downs barley at A$365/t and Melbourne barley at A$310/t. Thin export demand and sharp futures falls drove the decline, while sorghum is firm on poultry demand.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31251-australia-prices-plumb-new-lows
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Thin export demand and weak futures keep Australian feed grain prices under pressure, pointing to lower export-parity values.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-prices-plumb-new-lows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.