Ukraine exported a record amount of barley in January

Ukraine exported 432 thsd tonnes of barley in January 2024, which is the record figure for the current season. This was discussed on February 6 during the weekly briefing organized by the analytical center of the agricultural cooperative PUSK, created within the framework of the VAR (Vseukrainska Agrarna Rada – All-Ukrainian Agrarian Council). “Barley was a relatively cheap grain crop, and it was eagerly bought by the EU and China. It is the low price that explains the high demand and record exports in January – 432 thousand tons. We have already contracted 150 thousand tons for February. But the situation may change in the future. Barley is now losing out to other feed crops: wheat and corn. These crops fell in price, while barley remained unchanged. On the FOB and CIF markets, barley is priced at the price of corn, and this is a negative point. For the Italian market, for example, barley is priced at $210-212 per ton. Corn prices are at the same level. The usual spread between ...