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USDA FAS expects Saudi Arabian barley imports of 4.5 Mt in 2022-23, about 10% above last season but roughly 35% below 2020-21. The reduction follows the loss of Black Sea barley supply and a higher global price, which have held back Saudi demand.
Subdued Saudi import demand removes a major buyer from the market, limiting upside for global barley prices despite supply constraints from the Black Sea.
ukragroconsult.comNov 17, 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.
