The market is in balance with supply and demand as strong barley harvests in Australia and France put pressure on prices, but they are supported by a reduced crop in Argentina, strong demand for barley in Canada and reduced production in Ukraine due to the war.
Export of barley from Ukraine as of 01.20.23 amounted to 1.76 million tons, while last year in this period it reached 5.4 million tons.
According to the forecasts of RMI Analytics experts, in 2023 the world production of barley will decrease to 147.5 million tons due to the reduction of sowing areas due to competition with wheat.
Source: agravery.com
