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The Tridge outlook reports global barley prices weakening as Argentina and Australia harvests consolidate and malt/brewing demand is soft. USDA estimates 2023/24 world barley production at 142 million tonnes, with world trade at 27.5 million tonnes and ending stocks at 18 million.
Ample Argentine and Australian supply and lower import demand from China and Saudi Arabia pressure global barley values. Tight stocks and quality issues could still spark a rally before the northern harvest.
tridge.comBichos de campoFeb 22, 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.
