09 July, 2018

World: Barley trade forecast slightly down in USDA’s July report

World barley trade in 2018/19 is forecast slightly down this month, at 28.47 mln tonnes versus the June forecast, USDA reported on July 12.

Export forecast is down for Australia (6.5 mln tonnes this month from 7 mln in June) and Russia (-700 thousand tonnes to 4.8 mln tonnes) – both on a lower crop forecast – and up for Canada (+600 thousand tonnes to 2.1 mln tonnes).

The forecast for 2017/18 barley trade is 28.721 mln tonnes this month.

The USDA analysts expect the global barley output this season to reach 144.627 mln tonnes, vs. 146.962 mln in June and 147.162 mln tonnes in 2017/18. Total consumption is seen at 145.924 mln tonnes (147.776 and 148.204 mln tonnes, respectively) and ending stocks at 17.786 mln tonnes (17.734 and 19.083 mln tonnes, respectively).

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