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Experts expect a decrease in the world barley harvest in 2023, but the demand for barley in Ukraine is almost non-existent

Updated Jan 25, 2023
World barley prices are falling in line with wheat and corn prices, but demand remains low and brewers have ample supplies. The market is in a balance of supply and demand as a strong barley harvest in Australia and France pressures prices, but they are supported by a reduced crop in Argentina, strong demand for barley in Canada and reduced production in Ukraine due to the war. Traders are wondering whether China will lower tariffs on Australian barley amid reduced supplies from Argentina, as China buys almost no Australian barley, although it imports wheat heavily. According to the forecasts of RMI Analytics experts, in 2023 the world production of barley will decrease to 147.5 million tons due to the reduction of sowing areas due to competition with wheat. In Australia and the Russian Federation, after high indicators in 2022, production will return to an average level. The main 6 regions will harvest 4.5 million tons of barley less than in 2022, but stocks will remain stable ...
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