Analysts: The world's barley harvest 2023-2024 was the third in terms of volume over the past ten years

RMI Analytics analysts estimate that the volume of the barley harvest in the 2023-2024 season will be the third largest in terms of volume over the past ten years. Thus, ending barley stocks fell to a ten-year low. In addition, the volume of malting-grade barley has decreased in northern Europe and eastern Australia. In the coming months, analysts will be closely monitoring barley quality issues in Europe, including in Denmark and Germany. The development of winter barley in Europe, according to analysts, is going well, despite the onset of low temperatures. RMI is forecasting a European harvest of 54.45 million tonnes, leaving the supply situation comfortable at the moment, but malted barley supply needs to be monitored. The decline in malted barley supplies due to weather conditions increases the importance of increasing planting area and good early development of the 2024 crop. At the same time, barley prices in all regions are declining due to reduced demand, and this trend is ...