World: Analysts trim outlook for EU barley exports to 6.75 mln tonnes
Analyst firm Strategie Grains has trimmed its outlook for EU barley exports this season by 200,000 tonnes to 6.75 million tonnes, citing reduced expectations for French and German shipments to Libya and Iran.
But it increased its forecast of global barley trade, pointing to higher demand from China's livestock sector, supported by the threat of restrictions on U.S. sorghum imports and tariffs against U.S. corn.
At the same time, the analyst firm raised its forecast of EU barley exports next season by 200,000 tonnes to 8.6 million tonnes, reversing some of last month's downward revision.
Despite an expected drop in demand from Iran and Algeria, imports by China and Saudi Arabia were seen remaining brisk and competition from Australia and Black Sea countries easing because of smaller projected surpluses there, it said.
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