Loading…
USDA estimates Saudi Arabia's barley imports for the current year at 8 million tonnes, down half a million. Imports for 2018-19 are projected at 7.5 million tonnes as new processed feed capacity grows and forage supply falls.
SAGO plans barley tenders of about 2 million tonnes for April to June.
Lower projected Saudi barley imports reduce import demand from the Black Sea and other exporters, a mildly bearish factor for barley prices.
world-grain.comHolly Demaree-SaddlerFeb 21, 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.
