EU: Malting barley markets stable for crop 2018

The EU malting barley markets have been quite stable on crop 2018, GrainCom reported in their latest Newsletter on March 9.

In France, the plantings of spring malting barley did not really advance, especially in the main growing areas. The GrainCom analysts believe around 20% has been planted so far overall (excl. the autumn seeded). The forecast for the coming days remains wet and consequently there will be further delays. Of course the spring barley crop is not lost yet, but the late plantings will certainly have an impact on the yield potential. There is hardly any first hand selling and in case of more demand coming into the market this could provoke further upside potential.

Prices for feed barley remain well supported. Ongoing demand meets a lack of offers where big volumes are not buyable for the moment. With further demand coming up prices for the current and also for the new crop will probably remain firm. Feed barley is still pushing and we continue to loose malting barley into the feed channels, the GrainCom analysts reported.

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