# Barley price up in latest Saudi buy, Australia unlikely to supply - Grain Central

> Saudi Arabia bought 540,000 tonnes of barley in its seventh 2017 tender at US$212-220/t cost and freight, averaging US$216.87/t, up from US$203.37/t for October arrival. Ukraine exiting the market after October removed the cheapest origin, and Australian barley is likely to stay uncompetitive into the Middle East.

- Date: 2017-10-06 · published 2017-10-06T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/68361-barley-price-up-in-latest-saudi-buy-australia-unlikely-to-supply-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Loss of Ukrainian supply and strong Chinese and Middle Eastern demand have pushed barley near milling-wheat parity, supporting feed barley prices and keeping buyers reliant on northern hemisphere origins.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/barley-price-up-in-latest-saudi-buy-australia-unlikely-to-supply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.