The global barley market for the 2023/2024 campaign is projected to see a decrease in production due to weak demand and a tight stock/consumption relationship. Major production losses are anticipated in the E.U., Australia, Russia, and Canada, which will not be offset by increases in Argentina and Turkey. Trade is predicted to drop by 1.3 million tons, with significant adjustments for Ukraine and Russia. China's purchases are expected to remain below previous levels, while Iran's demand is growing. Despite a decrease in the planted area, Argentina's barley production increased by 14% to 5.1 million tons. Barley shipments from the Port of Bahía Blanca increased by 21% in 2023, with China being the primary destination.