Analysts cut again the forecast for the global barley crop

Published 2023년 8월 15일

Tridge summary

Analysts have lowered the forecast for the global barley crop by about 0.7 million tons due to smaller harvests in the European Union, the UK, and Canada. However, the forecast for harvests in Argentina and Australia has increased. Heavy rains in Europe are slowing down harvesting, leading to concerns about crop quality. The reduction in crop forecasts is further decreasing ending stocks, and barley prices are already rising, especially for malted quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A new report by RMI Analytics says that the forecasts for the global barley crop will be further reduced: analysts have lowered the forecast from 138.7 million to 138 million tons. According to their estimates, in the European Union and the UK, the reduction in crops will be 0.1 million tons due to a smaller harvest in Britain and lower harvest forecasts in Denmark and Sweden. 1 million tons less, according to analysts, Canada will collect due to the impact of prairie drought in the south. By 0.1 million tons, up to 4.6 million, they increased the forecast for the harvest in Argentina - analysts note a good and early development of the crop. By 0.2 million, to 10.8 million, the forecast for the harvest in Australia is increased - in most key regions of rainfall. Harvesting in Europe is slow due to heavy rains. Analysts are increasingly concerned that rainfall will negatively affect crop quality, particularly in Britain and Denmark. In France, the harvest should be completed in the ...
Source: Zol

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