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Saudi Arabia's barley imports fell 41% in the first half of the 2021-22 marketing year to 2.36 million tonnes, according to a USDA FAS report. The decline reflects a shortage of competitively priced vessels and lower domestic demand as farmers exit livestock production.
Lower Saudi demand reduces one source of import pull for barley and corn in the Middle East. The projected 16% drop in full-year imports weighs on global feed-grain trade.
world-grain.comArvin DonleyFeb 9, 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.
