# Australia: dollar drop boosts prices 29.04.2022 - UkrAgroConsult

> Australian feed wheat and barley prices firmed after the Australian dollar dropped to US71 cents from 74 cents a week earlier. Barley is also meeting renewed export demand from the Middle East.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41911-australia-dollar-drop-boosts-prices-29-04-2022-ukragroconsult
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Australian dollar lowers the cost of Australian grain for export buyers, which supports barley and wheat export prices.

## Read by commodity

- AUDUSD: bearish ▼
- BARLEY: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-dollar-drop-boosts-prices/

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