# Potential for Australia in Saudi barley buy - Grain Central

> Saudi Arabia bought 1.5 million tonnes of optional-origin feed barley for March to May 2017 shipment at an average US$190.70 per tonne cost and freight. Australia, South America, the EU and the Black Sea can all supply the cargoes, and Australian barley is among the cheapest in the world.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/72552-potential-for-australia-in-saudi-barley-buy-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large Saudi tender supports world feed barley demand and export prices, and cheap Australian values encourage fast shipments. The purchase is a bullish signal for feed barley prices.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/potential-for-australia-in-saudi-barley-buy/

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