World: Barley prices continue on upward trajectory

World barley prices – both feed and malting - continue on an upward trajectory across all regions, RMI Analytics said in their latest report.

So far, the current price rally shows little sign of peaking due to strong demand and a lack of liquidity.

Wheat and corn futures are also higher, providing an outside commodity influence, while barley fundamentals themselves point to a very tight situation. Feed barley shipments from the Black Sea have been very strong, while France has been actively shipping both malting and feed barley. The result is a barley stock position that is precariously low (malting in particular) in November 2021, making us think summer 2022 will be very dynamic.

Canada continues to hold the top price point, with France next in line. Australia and Argentina prices are reducing slightly the price gap. Premiums are wider to keep malting barley out of feed.

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