Lower world production brings expectations

According to the monthly work of Engs. Fidel Cortese and Mario Cattáneo of the cebadacervecera.com site, the international panorama for cultivation marks the beginning of the harvest in the Northern Hemisphere, more precisely in Europe, and begins to glimpse results in volume and quality of the barley produced. New estimates continue to reduce estimates of world barley production, which is at a volume very close to that of the last campaign and below the average of the last 10 years. The new reduction in estimates is mainly due to the adjustment of these for the European Union, Russia and Canada. Although the recovery of the markets remains an unknown, low harvest volumes, some signs of improvement in demand for malting barley and a possible increase in imports from China generate optimism for the future of the barley market. In its latest report, the USDA estimates 145.1 million tons for the new 2024/25 campaign, which means a reduction of nearly 3 million tons compared to the ...