Prices for European barley have exceeded those for wheat, but analysts expect them to decrease.

Against the backdrop of high export demand, feed barley prices in Europe have exceeded those of food wheat, although barley is usually traded at a much lower price, reports Reuters. In the current season, an excess supply of grain has led to a decrease in global prices. However, the supply of barley in the EU has decreased despite a good harvest this year. This is due to active barley shipments from France to China, reduced sales by other countries, and Turkey's transition from an exporter to an importer due to a poor harvest. Prices for December deliveries of feed barley in the western regions of the EU and the Baltic countries are $221-226 per ton FOB, which corresponds to the level of wheat prices. Black Sea barley has also become more expensive, and prices for barley from Ukraine and the Russian Federation are $227-229 per ton FOB. According to LSEG, France exported almost 900 thousand tons of barley to China and is now continuing supplies to Saudi Arabia. French farmers have ...