Saudi Arabia buys 1 million mt of barley, pays 2.4% more

Saudi Arabia’s state grain buyer SAGO bought 1.02 million mt of barley at tender, paying 2.4% more than at its previous tender five weeks ago. SAGO paid an average $249.23/mt for seventeen 60,000 mt cargoes to be delivered into ports on the Red Sea and Gulf between mid-May and the end of June. The price paid shows the rally in global barley prices of late on the back of tightening supply, with SAGO paying an average $243.47/mt CFR for 960,000 mt at its previous tender in mid-February. With prices ranging from $238.47-$257.47/mt.

Turkey stepped up Ukrainian barley imports by 26%

Ukrainian exporters supplied 4.01 MMT of barley to foreign markets in the first eight months of the current marketing year that is 14% less than at the same time last season (4.67 MMT in July-February 2016/17). February barley exports were 53% less than in the previous month and down 67% on the year (201.9 KMT was shipped abroad in February 2017). The top importers of Ukrainian barley included Saudi Arabia, China, the European Union and Libya. The share of Turkey continues growing. Ukraine supplied over 167 KMT of barley to this market at the time, i.e. 26% more than for the entire last season.

Barley prices dn in Jaipur as new crop supply rises

Prices of barley fell in Jaipur due to a rise in arrivals of the new crop along with sluggish demand from domestic stockists and malt industries. Demand from malt industries is weak as they have already procured imported barley, thereby restricting demand for the domestic grain.

Barley in Jaipur over 2-yr low as new crop supply up

Prices of barley in Jaipur, the benchmark market in Rajasthan, hit an over two-year low down 25 rupees, due to rising arrivals of the new crop. Subdued demand from malt industries and domestic stockists, also weighed on barley prices. The demand for domestic barley is subdued, because stockists have already procured imported barley.

NCDEX barley up on improved demand from feed sector

Futures contracts of barley on the NCDEX rose due to improved demand from the poultry feed industry. On NCDEX, the most active April contract was up 0.57%. A rise in prices of barley at the spot market in Jaipur, the benchmark market, also supported prices on the bourse.

NCDEX barley down tailing benchmark spot market

Futures contract of barley fell on the NCDEX due to lower prices of the grain in Jaipur, the benchmark market in Rajasthan. On NCDEX, the most-active April contract was at 1,430 rupees per 100 kg, down 0.59%. Stockists have raised the demand for imported barley, which is cheaper and of better quality.

Analyst ups Ukraine 2018 wheat, barley crop, export forecast

Analyst Ukr Agro Consult raised its forecast for Ukraine’s 2018 wheat crop by 4.8 percent to 26.3 million tonnes mostly due to a larger harvested area. The consultancy said in a statement the higher output would allow the country to export 17 million tonnes of wheat in the 2018/19 crop season. This year, Ukraine is likely to harvest 6.4 million hectares of wheat with the average yield of 4.11 tonnes per hectare.

Barley prices down in Jaipur after 2-week high.

Prices of barley fell in Jaipur, Rajasthan, because of subdued demand from domestic stockists after prices hit a two-week high. In Jaipur, the benchmark market for barley, prices were at 1,450 rupees per 100 kg, down 30 rupees. Subdued demand from malt manufacturing companies following concern about the quality of domestic stocks also weighed on prices

Kazakhstan bet on barley at the right time

The Statistics Committee of the Ministry expanded the barley acreage in Kazakhstan to a much greater degree than expected, while wheat plantings, on the contrary, ended up below the forecast. So, Kazakh farmers expanded barley plantings for the 2017 harvest by 9.4% against 2016, to 2.08 Ml ha. In addition, net grain yields turned out to be above expectations owing to a lower impurity content in the grain: it equaled 6.7% in 2017 against 8.8% in 2016. Thus, the Kazakh barley crop reached a record 3.3 MMT in 2017. Noteworthy is that Kazakhstan has bet on barley and it could not have done this at a better time, as barley export prices hit new highs this season. In view of the price upturn and surging production of Kazakh barley, its exports set new records. Kazakhstan within the first four months in MY 2017/18 than exported 56% more a year ago.

NCDEX barley up 1% on demand from poultry industry.

The December contract of barley was up 1%, owing to improved demand from poultry feed industry. The most active December contract was up 0.99%. A decline in stocks of barley at the exchange accredited warehouses also supported prices on the NCDEX. Stocks declined because traders are withdrawing them to avail higher prices in the spot market.