Export prices for barley in Ukraine are growing, but may turn down in the second half of the season

Published Dec 20, 2024

Tridge summary

Ukrainian barley prices have seen a surge due to increased export demand caused by higher feed wheat and corn prices, alongside hryvnia depreciation. Feed barley prices have risen by 200-300 UAH/t to 9000-9100 UAH/t in the Black Sea ports, and by 192-194 USD/t in the Danube ports. Despite these higher prices, producers are withholding sales. In the 2024/25 marketing year, Ukraine exported 1.9 million tonnes of barley, twice the previous year's figure, but there was a decrease in December. Malting barley prices remained stable, despite low malt prices and strong competition from European malt producers. The European Union (EU) reduced its barley exports by 34% in the 2024/25 marketing year. Global beer demand is declining, which is expected to lower prices in the second half of the season with an increased barley harvest in the EU and the UK.

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

Original content

The rise in prices for feed wheat and corn and the depreciation of the hryvnia increased export demand and prices for Ukrainian barley. For two weeks, export demand prices for feed barley in the ports of the Black Sea increased by 200-300 UAH/t to 9000-9100 UAH/t or 188-190 USD/t, and in the ports of the Danube – to 192-194 USD/t, while prices for feed corn reached 204-206 USD/t. Traders are trying to buy the necessary parties of barley, but producers are holding back sales, although prices remain higher than in previous seasons. In MY 2024/25 (as of December 15), Ukraine exported 1.9 mln tonnes of barley, which is twice higher than last year (946 thsd tonnes), but in December the exports decreased to 37 (72) thsd tonnes. Demand prices for malting barley remained at 8800-9000 UAH/t with delivery to the plant for two weeks amid low malt prices and strong competition from European malt producers. In MY 2024/25 (as of December 16), the EU reduced barley exports by 34% to 2.09 mln ...

Source: UkrAgroConsult