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USDA's Riyadh post projects Saudi barley imports for July to December 2021 at 2.8 million tonnes, down 30% year on year. Importers blame a shortage of vessels tied up with China-bound cargoes, and the C&F price rose from $260/t in August to $340/t by late October.
Lower Saudi import demand weighs on barley export volumes, while freight constraints and higher delivered prices raise the cost of moving grain to the Middle East.
producer.comReuters News ServiceNov 9, 2021Not enough comparable past events yet for a historical read.
Not 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.
