Barley – Weekly Strategy Market Update, 24 August 2018
This week we have seen significant pricing pressure for Barley with very tight supply both domestically and internationally for feed barley. This is also the case for malt barley due to quality issues throughout the Black Sea.
As a result, we have seen malt spread widen drastically and this trend is likely to continue if other quality concerns are realised. Even though prices have fallen drastically this week, we should see a strong demand or both feed and malting barley remain as global stock to use ratios are at their lowest levels in several years.