World prices for malting barley continue to rise

Published 2021년 10월 5일

Tridge summary

The global market price for malting barley is setting new records and is expected to rise further, with Canadian barley seeing the biggest increase due to crop damage, making it the most expensive in the market. This is leading to a potential shortage of malting barley, which is driving up prices in other countries as well. The cost for brewing quality barley is also rising, while prices for feed barley have slightly decreased. High prices have resulted in reduced purchases by some buyers like China, but demand for the 2022 harvest is high in Europe. Ukraine, a major exporter of barley, has seen a decrease in exports this season, leading to increased competition for quality barley. The high prices of corn and feed wheat have also increased demand for Ukrainian barley.

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

Original content

World prices for malting barley are gradually rising and have already broken previous records, RMI Analytics experts said in a report released in late September. Canadian barley is now much more expensive than barley from other countries, as the amount of damage to the crop has not yet been finalized. The country is likely to have to import malting barley. In other countries, barley prices are either consistently high or continue to rise, E-malt reports. The premium for brewing quality is also increasing, while the prices for feed barley have fallen slightly. Market activity declined as some buyers, including China, reduced purchases due to high prices. The main suppliers for China now are France and Argentina, while Australia is receiving more and more inquiries from buyers looking for high quality and reasonable prices. In Europe, the 2022 harvest is in greater demand, with prices lower than the 2021 harvest. Analysts warn that against the background of increasing shortage of ...

Source: Graintrade