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UkrAgroConsult expects global barley inventories to fall to a 34-year low of 18.6 million tonnes by the end of 2017/18. Sharply higher demand from key importers at the start of the season confirms the tight outlook.
Barley prices have risen for three months and may not have peaked, while Ukrainian winter barley planting has just begun.
A multi-decade low in global barley stocks points to continued price support and possibly higher feed barley costs. Any increase in Ukrainian plantings would only ease supply later.
unian.infoSep 26, 2017Not 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.
