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Saudi Arabia secured 660,000 tonnes of feed barley for April and May shipment at an average of US$279.77 cost and freight, about $2 above the previous tender. Some traders say high prices are beginning to erode importer demand ahead of new northern hemisphere crops.
Firm import prices from a major buyer support global barley values, but signs of demand resistance suggest limited further upside until new crop arrives.
theland.com.auLloyd George, Ag ScientiaMar 11, 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.
