Under 30 cents for the producer price on barley, battle for malting in Europe

Published 2022년 9월 4일

Tridge summary

The article provides an overview of the price trends and market dynamics for various barley types, soft wheat, and corn in Europe, with a focus on the challenges faced by the beer industry due to rising costs and potential production issues. It highlights the dampened price recovery of fodder and malt barley following a good harvest in Bulgaria and anticipated Ukrainian stocks, against a backdrop of high fluctuation in soft wheat and corn prices. The article also notes the impact of the energy crisis on breweries and beer prices in Europe and Ireland, where a leading malt buyer, Boortmalt, is reportedly considering reducing premiums to barley producers to offset energy costs. Furthermore, the article discusses the global barley market, which is expected to see a decline in production and consumption for the 2022-2023 marketing season, with Russia's harvest being a significant factor. Overall, the article underscores the complex set of challenges facing the agricultural and brewing sectors, including production adjustments, energy impacts, and global market trends.

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

Original content

The evolution of prices for the product in question could be said to have had the least intensity compared to soft wheat or corn which, after the great correction in July, reacted dynamically upwards and even today show strong fluctuations in a range between 10 with 20 euros per ton. On the other hand, fodder barley, after correcting from the highs of 340 to 350 euros per ton paid by the market at the beginning of threshing last June, failed to recover a significant part of the lost ground, with the price not exceeding since then 300 euros per ton. The reason for this was a good harvest in Bulgaria, which exports a significant tonnage of its production, but also the expectation of Ukrainian stocks. It also forms a benchmark for the upcoming corn crop, with the market attempting to contain prices despite significantly reduced prices. The picture is similar for the market in malting barley, with the price having been maintained for some time at 350 euros per ton, having previously ...

Source: GRAgronews