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RaboResearch reports that western European malting barley prices are about 50% above year-ago levels, with the malt-feed spread turning negative in France as wheat prices soar. Malt makers, for whom barley is about 65% of costs, face the biggest impact, while brewers see a smaller effect since barley is about 5% of their costs.
The report warns that protectionist export restrictions could disrupt the malting barley value chain.
Elevated malting barley prices and a possible export curb in western Europe would keep barley costs firm and tighten supply to maltsters.
foodingredientsfirst.com21 Mar 2022Mar 21, 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.
