In Argentina, barley is an excellent option with less global supply while beer consumption is on the rise

Published 2021년 8월 9일

Tridge summary

Argentina's barley planting forecasts for the 2021/22 cycle have seen a significant increase of over 25% from last year, reaching 1.15 million hectares, a level not seen in many years. This could result in a production of around 4.5 to 5 million tons, with 2.5 to 3.0 tons expected to be exported. The global barley supply is currently low due to production cuts in Canada, Australia, and Russia. Argentina's barley is primarily used for malting and beer consumption, with beer being the most consumed alcoholic beverage in Argentina. The country ranks 72nd in the world in beer consumption. China is a major global importer of barley, with Argentina set to contribute a significant portion of this supply.

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

Original content

The barley planting forecasts in Argentina for the 2021/22 cycle, with an improvement of more than 25% compared to last year, stand at 1.15 million hectares, a level that had not been recorded for years. Although the weather continues to be the main protagonist of this new cycle, it could be inferred that production could be around 4.5 / 5 million tons, of which no less than 2.5 / 3.0 will be destined abroad. In the year 2020/21, about 2.3 million / ton were exported, of which 40% was brewing, although the rest, of beer varieties as well, was destined for forage, and 1.1 million / ton are already committed for the cycle that it begins, with another dependent Chinese year, as in other grains. For Gustavo López, director of Agritrend SA. "Prices are encouraging with values above wheat (215/220 dol / ton), without the anguish of state intervention, sales limitations and quotas, since beer is hardly considered a priority at the table of Argentines ”. The situation of barley worldwide ...

Source: Martinsteeman