Back to Main International Barley Prices Stabilise

• Published: 2009-07-02 20:10:23

  Recent losses in European barley markets have stablised, and selling interest has declined. Current price levels have hit, or are very close to, intervention buy in levels. EU barley remains uncompetitive to Eastern European origins, so the domestic market there is the primary focus.
  
  Harvest is underway in Russia and the Ukraine. This and a reduction in third party demand has seen prices decrease. Exporters are becoming reluctant buyers, not wanting to fill the ports with unsold grain.
  
  Domestically, new crop barley prices have eased, with feed barley at $210/t Brisbane and $205/t in Newcastle. Growing conditions continue to improve for barley, which is pressuring prices lower.
  
  There are continued reports of barley losing acres this season, with growers favouring wheat and pulses. Globally, 2009/10 barley production is expected to be lower than 2008/09, however carry over stocks will boost supplies.
  
  Concern for global malt barley supplies are being raised. Lower planted acres and unfavourable weather conditions could see significant reduction in malt production. New crop malt barley prices are at $241/t for Newcastle and Port Kembla.

  Tags: Feature Daily Article ,  Barley ,  Coarse Grain , 

  

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