Barley: Global overview of production and markets for July 2023

This month's highlights In recent days, geopolitical, climate and war issues have caused a positive reaction in the barley market. The postponement of China's decision, for one month, regarding the tariff on Australian barley creates uncertainty about the markets. The termination of the Black Sea "humanitarian corridor" agreement and Russia's refusal to renew it, coupled with the attack on Ukrainian ports, puts pressure on markets in general again. Barley production estimates in Europe continue to fall, which has caused a rise in FOB prices, mainly for malting barley. Australia and Canada also face reductions in barley production. In Argentina, planting has been completed by 90%. The estimated planting area for this campaign is 1.1 million hectares, which under normal conditions would give a production of between 4.1 and 4.5 million tons. International panorama In recent days geopolitical, climatic and war issues have caused a positive reaction in the barley market. Some of these ...