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RMI Analytics' Brent Athill says global barley production over the last three years, including the current crop, is the highest on record at more than 155 million tonnes. Demand is forecast at about 157 million tonnes for both 2020 and 2021, which is roughly 11 million tonnes above the 2016-18 average.
The article ties higher prices to growing demand and Chinese tariffs on Australian barley.
Demand is running slightly ahead of record supply, which keeps the global barley balance tight and supports prices. Shifts in trade flows after the Chinese tariffs add to this effect.
inside.beerinside GetränkeMay 19, 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.
