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An IndexBox report forecasts 2021 global barley supplies will be outstripped by demand, with global output down 1.5% against 2020. Poor yields in Russia, Australia, Turkey and the UK are cited, while Chinese demand for barley feed is expected to stay robust.
A forecast global barley deficit with strong Chinese feed demand supports barley prices. Feed buyers would face firmer barley costs through the year.
globaltrademag.comIndexBoxJun 15, 2021Not 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.
