North America: Barley imports helping offset tight supply situation
Concerns regarding the soil moisture conditions remain high, with ongoing dryness across Canada and the US, RMI Analytics said in their report of the end of January.
Barley imports from Europe, Australia, and Argentina are helping offset the tight supply situation in North America. Imports are arriving on the east coast of Canada, and the US Gulf for movement inland.
Barley export traffic has now fully stopped, following execution of earlier agreed contracts (note: Canada still stands as the No. 3 exporter of barley to China this year).
Competition from wheat, canola, and pulse crops is a threat to barley with local estimates projecting 5-7% area reduction for barley. With the fragile balance sheet at present, the recovery in stocks will be limited in 2022, the analysts said.
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