# Barley market halved; Briess points to COVID-19 turndown | Wyoming Business

> 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.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/53714-barley-market-halved-briess-points-to-covid-19-turndown-wyoming-business
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower malt processing demand reduces contracted volumes for growers and is likely to keep malting barley prices under pressure.

## Read by commodity

- BARLEY: bearish ▼

## Sources

- spotonwyoming.com: https://spotonwyoming.com/wy-business/209686/barley-market-halved-briess-points-to-covid-19.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.