# Feed barley cost prompts Saudi Arabia to look elsewhere | Stock Journal | SA

> Saudi Arabia has pulled back from Australian new crop feed barley due to high global barley prices and is substituting domestically produced compound feed made from corn or soybean meal. The kingdom has also stopped subsidising barley as it liberalises its grain market, and Australian barley trades at a steep discount to APW1 wheat.

- Date: 2022-10-21 · published 2022-10-21T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/39213-feed-barley-cost-prompts-saudi-arabia-to-look-elsewhere-stock-journal-sa
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Loss of Saudi demand, which is about 40% of Australian feed barley exports, weighs on Australian barley prices and shifts feed demand toward corn and soymeal.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-10-04 | [Saudi Arabia reduces barley imports due to excessive](https://feedsoft.ai/events/68522-saudi-arabia-reduces-barley-imports-due-to-excessive.md) | -0.4% | -1.6% |
| CORN | 2023-07-28 | [China pushes barley decision back one month \| Stock Journal \| SA](https://feedsoft.ai/events/12892-china-pushes-barley-decision-back-one-month-stock-journal-sa.md) | -13.3% | -14.1% |
| CORN | 2021-10-08 | [High feed costs: How we got here and how to overcome them \| Ag Proud](https://feedsoft.ai/events/44691-high-feed-costs-how-we-got-here-and-how-to-overcome-them-ag-proud.md) | -2.4% | +6.0% |
| CORN | 2022-11-15 | [Canada's Cows Binge on US Corn as Homegrown Barley Feed Gets Too Steep - Bloomberg](https://feedsoft.ai/events/38759-canada-s-cows-binge-on-us-corn-as-homegrown-barley-feed-gets-too-steep-bloomberg.md) | -1.3% | -5.1% |
| CORN | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | -0.5% | +3.8% |
| SBM | 2021-10-08 | [High feed costs: How we got here and how to overcome them \| Ag Proud](https://feedsoft.ai/events/44691-high-feed-costs-how-we-got-here-and-how-to-overcome-them-ag-proud.md) | +0.2% | +4.6% |
| SBM | 2019-05-14 | [Romania and Greece Look to U.S. Soy for Vegetal Protein Ingredients, Superior Amino Acid Composition for Animal Feed - U.S. Soybean Export Council](https://feedsoft.ai/events/7755-romania-and-greece-look-to-u-s-soy-for-vegetal-protein-ingredients-superior.md) | +4.7% | +10.7% |
| SBM | 2018-10-31 | [China to buy more vegoils and animal feed meals in coming weeks \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/62632-china-to-buy-more-vegoils-and-animal-feed-meals-in-coming-weeks-agrifish-post.md) | +2.1% | +0.9% |

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/7947801/saudi-arabia-turns-back-on-new-crop-barley/

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