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Global barley production and markets overview for October 2023

Published Oct 26, 2023

Tridge summary

The feedlot market remains calm and expectations are high, with low demand helping to offset the decreased supply of barley. There are concerns about the volume and quality of the harvest in Latin America due to drought conditions in Argentina and excessive rain in Brazil. In the malting industry, there have been significant developments, including the authorization of the acquisition of United Malt Group by Soufflet Malt in Australia and the opening of new malting plants in Mexico and Brazil.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This month's highlights: The feedlot market continues in a period of tranquility and expectation. Low demand is helping to compensate for the lower supply of barley, and the beer quality problems that have appeared in the European and Canadian harvests are for now being able to be managed with some flexibility. In Latin America, doubts are generated about the volume and quality of the harvest to be obtained due to the drought conditions in Argentina and the excess of rain in Brazil during the harvest period. In recent weeks there have been important developments in the malting industry. International panorama The feedlot market continues in a period of tranquility and expectation. Even with the confirmation of a world production of barley of just over 140 million tons, 10 million tons less than the previous year, which constitutes one of the smallest global harvests in 10 years, prices have not been altered in Positive way; On the contrary, there has been a slight decrease in ...
Source: Agrositio
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