World barley market, production falls, importers change

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 ...