Barley prices are quite high because farmers are holding back the harvest

Ukrainian agrarians are currently restraining sales and consider in favor it is better to store grain in stocks. This keeps prices for Ukrainian barley at at a high level, despite the fact that the harvest is already 93% complete, ASAP reports Agri. As of last Friday, August 2, buyers' prices on a CPT POC basis reached $173/t. This is $14/t higher than early July and $8/t higher than early June. High prices in the CPT market are fueling prices on an FOB basis. As of August 2, offer prices for Ukrainian barley were reported at $195/t FOB POC, which is $17/t higher than in July. "In the second half of July, when data from fields showed a decline in yields, especially in Ukraine's largest barley-producing region, Odesa Oblast, plus demand in the CPT market at deep-water ports jumped, sellers raised their offers to around $195/t for lot sizes Handy and Panamax," noted Daria Marchenko, Atria Brokers broker. Such high prices for Ukrainian barley draw buyers' eyes to Romanian Constanta, ...