Global barley production continues to decline

(NAP) The new reduction comes from Canada, Australia and Russia, where weather conditions had a negative impact on crop development. International estimates for barley cultivation continue to reduce global production for the current campaign, according to the report prepared by the consulting firm Cebada Cervecera. The new estimated volumes are already similar to or below the global production of the 2023/24 cycle, which ended last June. The new reduction comes from Canada, Australia and Russia, where weather conditions had a negative impact on the crop, as a result of high temperatures and rains during the harvest in Canada, dryness and frost in some regions of Australia, and drought and high temperatures in Russia. World trade is expected to decline in the current campaign, but final stocks will still decrease to reach the lowest level in the last 15 years. The lower demand caused the reduction in supply not to be worrying, so the impact on prices will be limited despite the low ...