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Forward sales of British malting barley to EU brewers and maltsters have effectively stopped because of uncertainty over post-Brexit trade terms. German importers have shifted purchases to other EU suppliers.
Traders say the commercial risk of possible EU duties is too large to accept.
A halt in forward export demand for UK barley weakens prices for the crop and redirects EU buying to competing origins, adding downside pressure on barley.
esmmagazine.comDayeeta DasJan 14, 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.
