Barley: Production and global markets overview on November 2023

Barley

Argentina

Russia

Published Nov 24, 2023

Tridge summary

Despite facing quality problems and one of the smallest global harvests in 10 years, there has been a slight decrease in barley values due to inflation, lower commercial activity, and a drop in demand. China is gradually returning to the market and focusing on its relationship with Australia. There are doubts about the volume and quality of barley harvests in Brazil and Uruguay, and the delayed sowing of winter barley in Europe may result in an increase in the sowing area of spring barley in 2024.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This month's highlights Even with one of the smallest global harvests in 10 years, added to quality problems in Europe, values have not been altered in a positive way; On the contrary, there has been a slight decrease. China is slowly returning to the market, approaching average import volumes of recent years, focusing on the renewed relationship with Australia. In Argentina, crop development in most cases is good, with good yield expectations. International panorama With the supply and demand for barley practically immobile, and with the harvest completed in the northern hemisphere, the feedlot world is awaiting the results of the harvests in the southern hemisphere (Argentina and Australia) to define the volumes and qualities available from now until July 2024. Even with the confirmation of world barley production that constitutes one of the smallest global harvests in 10 years, added to quality problems in Europe, barley values have not been altered in a positive way ; On the ...

Source: Agrositio