# Australia: Prices slide as export buying thins

> Australian feedgrain values softened in the week to March 30 as export buyers faced more competition from Black Sea cargoes and domestic demand was limited. Indicative Downs barley was unchanged at A$415/t while sorghum fell to A$420/t from A$425/t.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36926-australia-prices-slide-as-export-buying-thins
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavier Black Sea competition weighs on Australian export feedgrain values, and sorghum weakness reflects grower selling that may pressure feed prices in the near term.

## Read by commodity

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

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-prices-slide-as-export-buying-thins/

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