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Farmers Weekly reports malting barley premiums over feed barley have slipped to £10-£12/t due to weaker maltster demand and a large 2020 spring barley area above 1 million hectares. Traders expect premiums to recover as brewing demand returns toward pre-Covid levels, while the AHDB survey points to spring barley area falling to 767,000 ha in 2021.
Expected recovery in malting premiums and a smaller 2021 spring barley area tighten feed barley supply later, supporting feed barley prices into 2021.
fwi.co.ukDavid JonesDec 9, 2020Not 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.
