Latin America bolsters Australia’s malting barley premium

Published 2024년 8월 20일

Tridge summary

Australian malting barley is experiencing a surge in demand from Latin American countries, particularly Mexico, which has led to a widening premium between malting and feed barley. The Latin American market has emerged as a significant high-value and stable market, importing 500,000 tonnes of malting barley from Australia annually, despite tariffs in Colombia and Brazil. Australia is the world's largest barley exporter, supplying one-fifth of the 28-30 Mt traded globally, with Western Australia being the largest producer and exporter. The country's barley breeding programs have also developed varieties that have outperformed wheat yields by around 14% over the past decade.

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

Original content

Solid demand from Latin American countries for Australian malting barley is helping to widen its premium to feed barley, according to Australian Export Grains Innovation Centre markets manager Mary Raynes. Speaking mostly at the July 29 Grain Industry Association of Western Australia’s annual barley forum, Ms Raynes said the Latin American market had emerged after China imposed its tariffs in 2020, and was significant now from a value and volume perspective. Ms Raynes said Latin American markets, including Mexico, have grown to a substantial level. “They’re our major malting markets outside of Australia and China,” Ms Raynes said. “Without those…malting markets, the spread between feed and malting potentially would be tighter.” Mexico imports close to 440,000 tonnes of malting barley per annum, and for the second consecutive year, it is importing 80 percent of that total from Australia. Mexico’s major brewers are Heineken and ABI, which were previously obliged by the Mexican ...

Source: UkrAgroConsult