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Malt barley growers in the Powell area were told by Briess Malt & Ingredients that the company is cutting its contracted barley requirements. The cut follows the COVID-19 slowdown in demand for beer and other malt uses.
The report describes the market as roughly halved for growers.
Lower malt processing demand reduces contracted volumes for growers and is likely to keep malting barley prices under pressure.
spotonwyoming.comWyoming Business ReportApr 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.
