Tridge summary
Australia's barley harvest is expected to prevent any supply shortages, but China's import of the crop is set to decrease by 30% in the 2023/24 financial year, according to UkrAgroConsult analyst, Maksim Kharchenko. In contrast, Iran and Saudi Arabia plan to increase their barley imports in the 2024/25 season. The global demand for barley imports is predicted to drop from 30.5 million tons in 2023/24 to 27.5 million tons in 2024/25. Ukrainian production and export potential for the 2024/25 season is projected to decrease by 16% due to reduced areas and yields.
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. He noted that Australia begins to harvest its harvest in October-November, so a shortage of barley supply is not forecast. "As for importers, China is significantly reducing its appetite — to 10.2 million tons (-30% by 2023/24 FY). The situation is different in Iran and Saudi Arabia, which, on the contrary, plan to increase the volume of imports in the 2024/25 season. In general, the global demand for barley imports will decrease from 30.5 million tons in 2023/24 FY to 27.5 million tons in 2024/25," the expert clarifies. Maksym Kharchenko noted that UkrAgroConsult analysts have updated the balance of barley for 2024/25 MR. Production in Ukraine will decrease this season due to smaller areas and poorer yields, and the export potential will decrease by 16%. "This year's collection campaign started a few weeks ...
Source: AgroPortal.ua
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