It will be difficult for Ukraine to compete with Australian barley on the Chinese market

Published 2024년 9월 26일

Tridge summary

China's decrease in barley purchases in September has led to a significant drop in exports, despite Ukraine's initial lead in the season. With China supporting local producers and halting foreign grain purchases, the duration of this ban is uncertain. The Australian barley market poses a significant threat to Ukraine in terms of price competition once it enters in December. Despite the stable barley prices and low demand from traders in mid-September, the feed wheat and corn market remained active. Ukrainian farmers are holding back sales in hopes of higher prices and may retain some barley for the second half of the season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the purchasing appetite of China decreased in September, the export rate of barley decreased significantly. At the beginning of the season, they were much ahead of the indicators of previous seasons, reports UkrAgroConstalt. The main buyers of Ukrainian barley in July-August were: "As it became known at the end of August, China decided to support local producers and stopped buying grain from abroad. How long this ban will last is unknown, but in December, Australian barley will enter the market, with which it will be very difficult for Ukraine to compete in terms of price," the report says. The price of barley has not changed much over the past month, and farmers have held back sales in anticipation of a better price, analysts say. In mid-September, demand for barley from traders was low, but the market for feed wheat and corn was active, which could push up the price of barley as well. "The main factor at the moment is demand from China. Ukraine still has to ...
Source: Elevatorist

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