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UK feed barley traded at £156.4/t on 22 November, a £22/t discount to feed wheat at £178.9/t. Barley demand is lacklustre in both domestic and export markets, and the UK has an estimated exportable surplus of 1.5 million tonnes for 2023-24.
The wide discount to wheat encourages feed substitution toward barley, but weak export demand and a surplus keep barley prices under pressure.
fwi.co.ukCharlie ReeveNov 22, 2023Not enough comparable past events yet for a historical read.
Not 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.
