# The decline in barley production forecasts in the EU and Australia has not yet supported purchase prices in Ukraine

> The European Commission cut its 2023 EU barley production forecast by 2.4 million tons to 49.7 million tons and lowered domestic use and stocks. USDA also lowered its Australian barley crop forecast to 10 million tons, while Ukrainian barley purchase prices fell to $130-140/t.

- Date: 2023-07-05 · published 2023-07-05T12:00:00.000Z
- Category: report · region EU · magnitude medium
- Page: https://feedsoft.ai/events/35111-the-decline-in-barley-production-forecasts-in-the-eu-and-australia-has-not-yet
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower EU and Australian barley crops should support prices, but Ukrainian purchase prices falling shows the export market has not yet reacted, limiting upside for barley buyers.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-decline-in-barley-production-forecasts-in-the-eu-and-australia-has-not-yet-supported-purchase-prices-in-ukraine/

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