Analysts of RMI Analytics report in their report that the barley market has a fairly good supply and demand balance against the background of a good 2022 harvest. UkrAgroConsult writes about this. The stability of the market supports the growth of the harvest in North America and a good harvest in Australia, but the negative factors are the not the best harvest in Argentina, as well as the war in Ukraine.

According to RMI Analytics, the world barley harvest will decline to 147.5 million tonnes in 2023, due to a reduction in the area under cultivation, mainly due to competition with wheat. In addition, Australia and Russia will return to long-term averages after very strong 2022 harvests. In total, the six main regions will harvest 4.5 million tons less, but stocks will be fairly stable due to reduced use of barley for feed purposes, including increased corn and wheat yields. At the beginning of 2023, the situation looks mostly positive, according to RMI Analytics. Only Ukraine raises questions: analysts are not sure whether agriculture will be able to maintain the volume of crops. The winter ones in Europe are developing well, which makes it possible to hope for a normal harvest. World prices for barley began a gradual decline. Malters and brewers have enough 2022 grain and market demand remains tight. Australia, which received a good harvest of grain, and France (due to a decrease ...

Source

Superagronom

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