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Indian brewers warned that the Russia-Ukraine conflict could raise barley prices, since Ukraine is among the top five barley producers and accounts for 18% of global barley exports. United Breweries said barley makes up 30% of its raw material costs and that it is already facing high inflation.
Ukraine's export share makes global barley supplies tighter, and Indian prices can follow world prices even though brewers mostly buy locally. Higher barley costs would pressure beer margins and could raise feed-grain prices.
thehindubusinessline.comBL Bengaluru BureauFeb 24, 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.
