Analysts have seriously reduced the estimate of the world harvest of barley

Published 2023년 8월 14일

Tridge summary

The global barley harvest is expected to be reduced to 138.7 million tons this year due to various factors including severe drought and heavy rains in different parts of the world. Canada is anticipated to face the biggest losses with a decline of one million tons, followed by the UK, Denmark, and Sweden. This decrease in barley production will impact the world's ending stocks and has already caused an increase in prices for barley from Canada and France.

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

Original content

The barley harvest in the world may be reduced this year to 138 million or 700 thousand tons. The Profibeer portal writes about this, citing data from the analytical agency RMI Analytics. The greatest losses, according to them, expect Canada - a million tons. Experts cited severe drought in the prairies where the main crops are located as the reason. Another 100 thousand less will be the estimate due to three European countries - the UK, Denmark and Sweden. In the first of them, the harvest has already declined; in the other two, analysts also predict a reduction. The reason is the slow pace of harvesting due to heavy rains that have swept the continent. There are also fears that they will negatively affect the state of the crop in these states. US Expects Second Biggest Corn Harvest An ambiguous assessment is given for France. There, in the coming days, the harvest of six-row barley should be completed. Its results, according to expectations, will be quite good and will be able ...

Source: Rosng