# Australia: Prices soften amid thin export demand

> Northern Australian wheat and barley markets dropped during the week of February 8 amid thin export demand and adequate domestic coverage. Barley Downs fell to A$383 from A$398 per tonne, and Chinese buyers have been inactive in 2024. Russian wheat is being offered aggressively.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31751-australia-prices-soften-amid-thin-export-demand
- 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

Weak export demand and aggressive Russian wheat offers point to lower feed grain values in Asian markets. Buyers should expect continued softness absent renewed Chinese buying.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-prices-soften-amid-thin-export-demand/
- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-prices-soften-amid-thin-export-demand/

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