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Market analysts estimate global barley exports at 34.7 million tonnes for 2021-22, with Ukraine and Russia accounting for about 30%. Ukrainian barley exports had reached 5.57 million tonnes by February 21, and Russia had shipped 2.9 million tonnes by March 10.
The war threatens Ukraine's spring barley sowing, which makes up 55% of its barley area, so the impact is expected mainly in the next marketing year.
Risks to Ukrainian and Russian spring plantings and next season's exports support barley prices, while importers shift buying toward Australia.
tridge.comMarket Intelligence Analytics TeamMar 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.
