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ODESA: Ukrainian barely received support from the August USDA report. USDA experts lowered the forecast of world barley production in 2021/22 MY by 4 million tons to 149.43 million tons. Barley purchasing prices continued their growth following the rapid increase of wheat prices.
In Ukraine, as of August 17, 9.423 million tons of barley was threshed from 92% of the area. It confirms the yield forecasts of 10.5 -10.8 million tons. Purchase prices for barley in the ports of Ukraine during last week increased by another 15-20 $ / t to 245-250 $ / t.
Problems with the spring barley harvest in Russia and Canada will soon increase interest in Ukrainian barley, especially from China.
Current price chart for barley
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