Export demand for barley in Ukraine is growing, but supply remains low.

Against the backdrop of difficult harvesting conditions for late crops in Ukraine and the need to quickly gather the harvest and sow the planned areas with winter crops, farmers have practically halted active sales of grain, including barley. Despite low export demand and slow export rates, traders continue to buy barley for export, forcing them to raise their purchase prices to attract the necessary volumes. Last week, export prices for feed barley demand increased by 50-100 UAH/t to 10150-10250 UAH/t or 212-216 $/t with delivery to Black Sea ports. Additionally, they are supported by the appreciation of the dollar against the hryvnia. Demand for brewing barley in Ukraine is virtually absent, as processors cannot profitably export Ukrainian malt due to high competition in the European market, and domestic demand remains low due to population decline and reduced beer consumption. Export of feed barley from Ukraine for the period of October 1-22 amounted to only 153 thousand tons ...