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Australian barley prices have become more competitive, boosting export prospects, with a record 1.27 million tonnes exported in March. Prices of A$180-200 per tonne at Port Kembla reflect a large national surplus after a record crop, with demand from China softer than a year earlier.
Strong export demand from Saudi Arabia, Japan and other markets supports Australian barley, but a large surplus and another big crop expected limit price gains for feed buyers.
theland.com.auAmelia WilliamsMay 17, 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.
