Barley: The world market remains very quiet

In Argentina, the harvest has become widespread, exceeding 60% of the surface area, with a total production estimate of between 4.8 and 5 million tons. (NAP) While the United States Department of Agriculture, in its latest report, maintains its estimate of world production stable, the international barley market remains very calm, while the beginning of winter in the northern hemisphere accentuates the decline in demand for malting barley. Apparently, the industry is covered, at least in the short term, while feed barley continues to keep pace with corn and wheat and the rest of the commodities, according to the latest monthly report by the consulting firm Cebada Cervecera. However, in recent weeks there has been a slight increase in the price of malting barley in the northern hemisphere, influenced by geopolitical factors that generate some uncertainty regarding possible future trade conflicts between the United States and China. In a context of low production and reduced stocks, ...