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RMI Analytics estimates the 2023/24 global barley harvest will be the third lowest in ten years, with ending stocks at a ten-year low. Malting barley supplies fell in Northern Europe and Eastern Australia, but barley prices are still falling across regions on weaker demand.
China's barley imports are running at about twice their 2022 pace.
Lower malting supplies are not offsetting weak demand, so the fundamental tightness has not yet translated into higher barley prices for feed buyers.
ukragroconsult.comJan 26, 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.
