Will the Black Sea region be able to compete with Australia in barley export?

Published 2021년 11월 9일

Tridge summary

Australian barley exports are experiencing a growth due to a large Chinese program and increased demand in Turkey. Despite Ukraine's expensive logistics and geographic proximity to Ukraine, importers are still active buyers. Ukraine has received a record harvest of 10 million tons, providing an export potential of 6 million tons. The start of the season was excellent, with 1.8 million tons of barley exported in August. However, there is a decline in shipment to key buyers China and Saudi Arabia, which is partially offset by Turkey. Since the beginning of 2021/22 MY, grain exports from Ukraine reached 19.4 million tons, with a 33% increase in barley exports compared to the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of Australian barley are growing due to a large Chinese program, as well as a significant increase in demand in Turkey and a real lack of competition from the Black Sea region and Europe. This opinion was expressed by the managing director of Flexi Grain Sam Roach in the material on Graincentral.com. Australia exported in September, according to the latest figures from the Australian Bureau of Statistics (ABS): Flexi Grain Managing Director Sam Roach said barley was surprised this month as its end-of-program export volumes were higher than previously expected. He also noted that he does not see real competition from the Black Sea region and Europe. However, analysts at Barva Invest note, despite the fact that from December until the appearance of a new crop in the Northern Hemisphere, Australia will be the main exporting country on the market, and prices in many directions will greatly depend on it, there are still importers due to expensive logistics and geographic ...
Source: Zol

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