08 June, 2007

The Mediterranean: Barley crop prospects are variable

Barley crop prospects in the Mediterranean are variable, analysts said June 5. Morocco is harvesting an exceptionally poor crop, estimated at 800,000 tons vs. 2.5 mil tons last year.

The government will subsidize imports, 157,000 tons were bought in a tender during May, further 150,000 tons are tendered for July arrival. Prices ranged from US$ 240 to 255 CFR, for barley from France and the Black Sea. Jordan purchased 100,000 tons at US$ 253 and 259.50 CFR. The IGC expects an increased feed barley demand of Saudi-Arabia in the new grain year.

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