Between Australia and China generate expectations in the barley market

Published 2023년 4월 26일

Tridge summary

The article provides an overview of the global cereal market, focusing on the potential impact of the resolution of the trade dispute between Australia and China, particularly regarding barley. It is predicted that the resolution could lead to lower prices and increased barley commercialization, with estimates showing a global barley production drop of 4% for the 2023/24 season. The article also discusses challenges in barley exportation from Ukraine and highlights the condition of barley crops in major European and Australian regions. Additionally, it mentions an increase in feed and malting barley affidavits in Argentina for the 2022/23 campaign, anticipating shipments up to June.

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

Original content

For the cebadacervecera.com.ar site led by Agr. Mario Cattáneo and Fidel Cortese, the international panorama for cereal has a very important milestone. It happens that the rapprochement between Australia and China and the progress in resolving trade disputes between the two countries, mainly the one referring to barley, has put the feedlot market on hold, with prices falling, awaiting a final resolution of it, which could take between 3 and 6 months. The latest USDA report and private estimates conclude a global estimate of around 152 million tons for this season, a value higher than the last 2021/22 harvest, but which, in any case, due to greater marketing, does not reverse the situation of adjusted stocks. For the next 2023/24 campaign, a drop of around 4% in world production is estimated, which would be located at values similar to those of the 2021/22 campaign. This would keep the stock/consumption ratio stable but with greater sensitivity to climatic and/or political ...

Source: Campototalweb