Tridge summary
The article highlights a decrease in the global production of barley and other grains due to adverse weather conditions in Canada, Australia, and Russia, leading to the lowest global production levels in 15 years. Despite the drop in supply, reduced demand has minimized price impacts. Geopolitical issues and war situations have also contributed to a slight increase in grain prices. The USDA and RMI have lowered their world production estimates for the 2024/25 campaign. Canada's barley production is estimated between 7.6 and 7.8 million tonnes, with variable quality. Russia's production is estimated at 16.8 million tonnes, a 15% decrease from the previous season. In Australia, production estimates have slightly decreased due to dry conditions and frost. Argentina is experiencing delays in its corn harvest and sowing of winter crops due to storms. Despite these challenges, Argentina's malting barley competitiveness has allowed it to find new markets in Mexico, Peru, and Vietnam. Argentina's Undersecretariat of Agricultural Markets has registered export DDJJs for large quantities of barley for the 2023/24 and 2024/25 campaigns, with an estimated barley production of around 5.0 million tons for the 2024/25 campaign under good crop conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the latest report from the cebadacervecera.com website prepared by Ing. Mario Cattaneo and Fidel Cortese, international estimates continue to reduce world production for the current campaign. The new estimated volumes are already similar to or below the global production of the 2023/24 cycle, which ended last June. The new reduction comes from Canada, Australia and Russia, where weather conditions have had a negative impact on the crop. High temperatures and rains during the harvest in Canada, dry and frosty in some regions of Australia, and drought and high temperatures in Russia. World trade is expected to decline in the current campaign, but final stocks will still decrease to reach the lowest level in the last 15 years. Undoubtedly, the lower demand has caused the reduction in supply not to be worrying. The decrease in demand is causing a limited impact on prices, despite the low production volumes. In recent weeks, there has been a slight rise in the prices of ...
Source: Campototalweb
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