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Saudi Arabia's state buyer purchased about one million tonnes of feed barley for May-June 2018 arrival at an average of US$249.23/t cost and freight, up 2% from its previous tender. Traders said Australian barley is unlikely to participate because of tight export stocks and strong Chinese demand.
A firm Saudi tender price signals strong export demand that competes with China for limited old-crop supplies, supporting barley values.
graincentral.comHenry WellsMar 27, 2018Not 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.
