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Global lockdowns and event cancellations have cut malt demand, and brewers have scaled back plants. EU barley stockpiles are forecast to rise 14% to 6.6 million tons, and French malting barley prices hit their lowest since at least 2015.
Malting barley that cannot find a brewing buyer is likely to be sold cheaply as animal feed, adding downward pressure on feed barley prices.
moneyweb.co.zaGreg Ritchie, Jen Skerritt, BloombergMay 22, 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.
