# Record Australian barley harvest on the cards - Agriland.ie

> USDA sources put Australian barley production for 2016/17 at 11Mt, up from its official 10.6Mt estimate, on favourable seasonal conditions. Exports are forecast at 7.4Mt, up 2Mt year on year, with malting barley exports possibly rising by a third to 2Mt. Saudi Arabia has signed a contract for 1Mt of Australian feed barley.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72467-record-australian-barley-harvest-on-the-cards-agriland-ie
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Higher Australian production and exports add supply to the world barley market, which is bearish. Strong malting demand and the Saudi purchase partly offset this by supporting prices for better-quality barley.

## Read by commodity

- BARLEY: neutral

## Sources

- agriland.co.uk: https://www.agriland.co.uk/farming-news/record-australian-barley-harvest-on-the-cards/

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