Cuts are expected in global barley production

(NAP) With global production for the 2023/24 campaign estimated at around 140 million tons, the lowest since the 2018/19 campaign, the barley market is in the process of pause and readjustment. With a slight drop in price for brewing barley and a slight rise in forage barley. The drop in production volume was due to the decrease in tons in 5 of the 6 largest exporters of barley, where only Argentina has an expectation of increased production, while Canada, the European Union, Ukraine, Russia and Australia, either by decrease in area or climatic problems, they will have lower production volumes and, consequently, their participation in the global market will be lower. The period after the lifting of Chinese tariffs on Australian barley generated the immediate resumption of shipments from Australia to China with barley from the previous campaign and the completion of business for more than one million tons for the new campaign, according to what was reported. by the consulting firm ...