# Saudi's feed barley price in May tender down from April - Grain Central

> Saudi Arabia bought about 1.5 Mt of feed barley in its latest tender for July and August arrival at an average US$229/t cost and freight, roughly $20/t below its April purchase. The lower price reflected discounted new-crop supply from Europe and the Black Sea against high current-crop prices.

- Date: 2018-05-22 · published 2018-05-22T12:00:00.000Z
- Category: trade · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/8707-saudi-s-feed-barley-price-in-may-tender-down-from-april-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Saudi demand is large, and cheaper new-crop offers pull world feed barley prices lower ahead of the Northern Hemisphere harvest.

## Read by commodity

- BARLEY: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/saudis-feed-barley-price-in-may-tender-down-from-april/

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