06 November, 2004

Russia: 2004/2005 barley crop estimate of USDA is 18.5 million tonnes. However there is no official Russian estimate. Russian barley exports estimated by USDA are of 3 million tonnes. In July/September Russia exported 232,000 tonnes, very disappointing, according to analysts. They attributed the decline to larger livestock and domestic feed demand and also to a market uncompetitive with Ukrainian barley. Another reason could be the existence of only one Panamax size port: Novorossiysk. USDA reported a price level: average price FCA US$ 92.

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