Barley

Prices of barley hit a three-week high in Jaipur due to limited supplies in the market and as demand from domestic stockists and poultry feed industry improved. In the benchmark market of Jaipur, barley was sold for 1,400 rupees per 100 kg, up 20 rupees. Arrivals were unchanged from Saturday at 800-1,000 bags (1 bag = 85 kg). However, concerns over quality of the domestic stock restricted demand from malt makers, thereby, capping gains in barley prices.

Prices of barley fell in Jaipur owing to sluggish demand from malt manufacturers as concern over quality of the domestic stock persisted. In the benchmark Jaipur market, barley was sold for 1,350 rupees per 100 kg, down 10 rupees. Talk that the grain will be imported from Argentina is also creating bearishness in the market. However, limited supply and improved demand from poultry feed sector cushioned the fall in prices.

Global consumption of barley in the 2018/19 season will still exceed its production in the top growing countries. It is worth pointing out that export prices at the start of the new season are appreciably higher than last year, even though the harvest is in full swing in some of the major growers. At the moment, prices are supported not only by all-time low barley carryovers but also by concerns about the size of the new crop. Thus, the world trade volume in the current season will significantly depend on export potential of key exporting countries, in particular major players such as Ukraine and Russia.

The most active August contract of barley was down on the NCDEX due to profit booking after prices hit a 15-month high of 1,602 rupees per 100 kg. On the NCDEX, the August contract was at 1,591 rupees per 100 kg, down 0.2%. A fall in prices of the grain in the benchmark spot market of Jaipur, also weighed on the contracts. Prices of barley were down in Jaipur due to weak demand from malt industries following concern over the quality of domestic stocks.

Prices of barley fell in Jaipur, Rajasthan, because concern over quality of domestic stocks restricted demand from malt industries. A surge in arrivals of the grain amid subdued demand from domestic stockists also weighed on prices. Despite concern over quality, good demand from poultry feed industries cushioned fall in prices.

The European Union this week awarded 14,824 tonnes of reduced-tariff imports of wheat of any origin, except Canada and the United States, under an annual quota. The EU also granted 4,000 tonnes of duty-free imports of Ukrainian barley under a separate quota.

Prices of barley rose in Jaipur, Rajasthan, due to improved demand from domestic stockists amid shrinking supplies of the grain. Rising demand from malt industries also supported prices. Despite peak arrival season, supplies have declined because farmers are holding the produce in anticipation of a further rise in prices.

Prices of barley hit a three-week high in Jaipur, Rajasthan, due to shrinking supply along with improved demand from stockists and poultry feed companies. Supplies have declined as farmers hold back their produce expecting a further rise in prices.

Prices of barley hit a one-week high in the benchmark market of Jaipur due to a fall in arrivals and improved demand from stockists. Demand from poultry feed industries also supported prices of the commodity. Subdued demand from malt manufacturing companies and imports of the coarse grain from Argentina, however, capped gains in prices.

Prices of barley rose in Jaipur, the benchmark market, due to a fall in arrivals despite its peak season. Supplies have declined because farmers are holding back their produce on expectation of a further rise in prices. However, weak demand from malt industries capped gains.

Barley contracts on the NCDEX rose over 1% because a likely fall in output is expected to lead to a decline in supplies. The most-active May contract on the NCDEX was up 1.1%. The landed price of barley is higher than the domestic rate which is encouraging buyers to procure from local market amid lower output of the grain this season.

About 85,000 tn of barley from Argentina arrived at the Mundra Port in Gujarat. The commodity has been contracted at $215 a tn, on cost-and-freight basis. Of the 85,000 tn barley, about 40,000 tn has been bought by Gurugram-based The Malt Co (India) Pvt Ltd, 20,000 tn by Haryana-based Barmalt Malting India Ltd, and the rest by SABMiller India. This is the second shipment of the grain and a total of 145,000 tn has been imported from Argentina since January. Traders estimate that barley output in 2017-18 (Jul-Jun) is likely to be at 1.0-1.1 mln tn, compared with 1.6 mln tn in 2016-17

Similar to other Black Sea countries, spring planting in Bulgaria lags far behind last year due to its delayed start. So, as of March 29, 2018, corn for grain had been sown on 0.5 Th ha versus 14.3 Th ha by the same date in 2017. Spring barley was planted on an area of 0.3 Th ha (2.3 Th ha in 2017). Feed pea plantings already reach 4.3 Th ha (20.0 Th ha) with those of oats totaling 1.1 Th ha (5.4 Th ha).

Prices of barley rose in Jaipur due to a fall in arrivals coupled with improved demand from the poultry feed industry and domestic stockists.

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.

Prices of barley rose in Jaipur, Rajasthan, owing to improved demand from poultry feed industries and domestic stockists. A fall in arrivals further supported prices.

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.

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.

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.

Prices of barley were down in Jaipur, Rajasthan, owing to weak demand from domestic stockists and malt industries. A rise in arrivals of the new crop is also seen weighing on barley prices.