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Saudi Grains Organization booked 540,000 tonnes of barley at an average US$225.34/t cost and freight for late-November/December delivery. Australia is a likely supplier, with other origins including the Black Sea, EU and the Americas.
The average price rose $13.90/t from the previous tender in July.
Firmer Saudi barley prices and strong import demand support global barley values, and Australian origin looks competitive for Gulf ports on freight.
scceu.orgSep 21, 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.
