China has contracted 25 percent of the potential export of the new barley crop from Ukraine

Chinese companies have signed contracts to purchase up to 700,000 tons of barley from the new harvest in Ukraine, market analysts from the local market information and consulting company Barva Invest reported on their official social media page. According to them, Ukraine is currently using its position as the preferred barley supplier for China, where they are ready to pay $240 per ton CIF (including insurance costs). This corresponds to approximately $203 FOB Odesa and $193 CPT (with paid transportation costs to the port). The company compares Chinese offers with Syria's demand at $220 per ton CIF, which would give approximately the same FOB price as deliveries to China. "The almost complete lack of domestic supply in Ukraine, with the existing huge demand, has heated up prices so much that yesterday's trading reached 9,500 hryvnias (227 dollars at the current exchange rate) with VAT and over $200 CPT-Odesa. This pushes FOB prices to levels above $210, which unconditionally ...