Demand and purchase prices for barley continue to decline in Ukraine

Published 2024년 4월 8일

Tridge summary

The global demand for barley remains subdued, impacting Ukraine's export prospects despite an anticipated increase in production. With Australia and Argentina ramping up their barley exports, and despite a temporary boost in exports to China in early 2024, Ukraine is poised to see a decline in its barley exports compared to previous years. Contributing factors include a drop in feed barley prices, a decrease in demand for malting barley due to ample stocks at malt factories, and an overall expected decrease in Ukraine's barley production and export in 2024. Additionally, the recovery of barley production in the EU and a global downturn in beer demand are set to further diminish the demand and prices for Ukrainian barley.

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

Original content

World demand for barley remains quite low, especially against the background of forecasts of increased production in the new season, so hopes for increased barley exports from Ukraine at the end of the season may not come true. In addition, Australia and Argentina increased barley deliveries to the world market. This is reported by analysts of the GrainTrade electronic grain exchange. China's active purchase of Ukrainian barley in February and March led to higher purchase prices and increased exports. In March 2024, Ukraine exported 339,000 tons of barley, which is one of the highest monthly indicators of this season. In total, 1.963 million tons of barley were exported in 2023/24 MR, out of the 2.1 million tons predicted by the USDA, while last year 2.27 million tons were shipped on April 1. Analysts believe that in April-May, Ukraine will be able to export another 200-300 thousand t of barley due to increased demand from Turkey and EU countries against the background of low ...

Source: Agrotimes