Barley: Global estimates predict a decline in production

(NAP) Although global production estimates continue to decline, the drop in supply has no impact on an improvement in barley prices, accompanying the general outlook for all grains. The weak demand for malting barley and good corn productions would explain this situation, reported the consultancy Cebada malvecera. The low yields of winter barley in Europe were compensated by a good harvest of spring barley, which in addition to volume are providing a satisfactory malting quality, which has led to a reduction in the premium between the brewing and fodder categories. The cheapest origin for malting barley continues to be Australia, as confirmed by the latest business done from this origin to Mexico and South Africa; the other origins are coming closer to maintain competitiveness. It is estimated that in the 2024/25 cycle Europe will have less weight in the market due to its low yields, the same will happen with Canada, whose harvest is well below previous estimates. On the other ...