# USDA has improved the global balance of barley

> USDA's February report raised its 2022/23 world barley production forecast by 1 million tonnes to 150.48 million, with higher Australian and Russian output. Australian feed barley prices rose $10/t FOB during the month, while Ukrainian barley prices fell $3-5/t amid weak Chinese demand and slow Black Sea corridor operations.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/37390-usda-has-improved-the-global-balance-of-barley
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger world crop and weak demand from China cap barley prices, though Australian gains show some support from tariff talks with Canada.

## Read by commodity

- BARLEY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/usda-has-improved-the-global-balance-of-barley/

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