Loading…
Saudi Arabia's grain agency has bought 5.4 million tonnes of barley so far this marketing year, about 17% above last year, but has not issued a barley import tender since early November 2018. Abundant winter pasture from above-average rainfall may cut Saudi feed demand by up to 800,000 tonnes.
A likely drop in Saudi imports removes a key source of global barley demand, which keeps export prices under pressure.
graincentral.comGuest AuthorFeb 18, 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.
