Barley: The world market remains very quiet

Published 2024년 12월 23일

Tridge summary

Over 60% of Argentina's harvest is in, with a total production estimated between 4.8 and 5 million tons. The global barley market is calm with a decrease in demand due to the start of winter in the northern hemisphere. The quality of the malting barley is uncertain due to climatic conditions during harvest. Russia has banned barley exports as of February 15, 2025. The USDA estimates world barley production at 142 million tons for the 2024/25 campaign, a decrease from the previous campaign. Canada's barley exports have increased, but American demand for malting barley is declining due to decreased beer consumption. Australia's barley harvest is near completion, with over 3 million tons of malting barley expected. Brazil's harvest in the Mercosur region is better than expected.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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, ...

Source: Noticias Agropecurias