Loading…
UK feed barley exports started the 2017-18 campaign strongly, with Spain taking 60,000 tonnes of 113,000 tonnes exported in July. Spanish production is forecast at 58 million tonnes, 2 million below the three-year average after summer drought.
Sterling weakness against the euro had boosted UK barley competitiveness, though that advantage has eroded recently.
Spanish supply shortfalls are pulling UK barley into export channels, supporting European feed barley demand and prices. Currency swings could reduce UK export competitiveness.
fwi.co.ukPaul SpackmanSep 21, 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.
