Loading…
South Australian barley prices have fallen from about A$355/t before harvest to lows near A$273/t at Outer Harbour, below last season's harvest low. ABARES raised SA barley production to 2.66 million tonnes, up 18% year on year, and forecasts the second-largest SA barley harvest on record.
Heavier supply and grower selling push Australian barley lower, and cheap Aussie barley may attract Asian and Middle East feed demand. Malt premiums have eased as quality improved, so prices may consolidate once harvest selling slows.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingDec 16, 2022Not 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.
