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Saudi Arabia's SAGO tender bought 660,000 tonnes of feed barley for October 2017 delivery at prices of $198 to $212 per tonne cost and freight, averaging $203.37. Total Saudi barley purchases for 2017 now exceed 7 million tonnes.
EU barley is currently the cheapest origin, about $10 below Black Sea.
Large state purchases support global barley demand, and the cheap EU origin will likely capture a share of the business, keeping Black Sea offers under pressure.
graincentral.comHenry WellsAug 15, 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.
