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USDA's Global Agricultural Information Network forecasts Saudi Arabia's 2019-20 barley imports at 7 million tonnes, down 1.5 million tonnes from its previous estimate. Saudi tenders so far total 1.74 million tonnes, 46.3% below last year, reflecting adequate reserve stocks and good pasture.
A sharp drop in a major Middle East barley buyer's imports reduces world export demand and weighs on barley prices.
world-grain.comArvin DonleyAug 7, 2019Not 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.
