Ukrainian farmers will keep barley for the second half of the season

Published 2024년 9월 28일

Tridge summary

Chinese demand for Ukrainian barley has decreased, leading to a decrease in export rates, as China has stopped buying grain from abroad to support local producers. This raises concerns about Ukraine's ability to compete with Australia in the market. Despite this, barley prices have not seen significant changes, and farmers are withholding sales in anticipation of better prices. Ukraine still needs to export about 1.4 million tons of barley in the 2024/25 marketing year, and there is speculation that farmers may hold some barley back for the second half of the season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by Maksim Kharchenko, an analyst of the grain market and logistics of UkrAgroConsult. The main buyers of Ukrainian barley in July-August were: "However, as China's purchasing appetite decreased in September, export rates significantly decreased. As it became known at the end of August, China decided to support local producers and stopped buying grain from abroad. How long this ban will last is unknown, but in December, Australian barley will enter the market, with which it will be very difficult for Ukraine to compete in terms of price," he believes. At the same time, the expert notes that the price has not undergone major changes over the past month, and farmers have held back sales in anticipation of a better price. In mid-September, demand for barley from traders was low, but the market for feed wheat and corn was active, which could push up the price of barley as well. But the main factor at the moment is demand from ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.