World: Barley trade forecast unchanged at 29.716 mln tonnes in USDAs August report
World barley trade forecast for 2022/23 is unchanged in USDAs August report at 29.716 mln tonnes versus 28.94 mln in 2021/22.
Barley export forecast is up for Australia (+500 thousand tonnes to 6.7 mln) and down for the EU (minus 500 thousand tonnes to 6.3 mln).
Global barley production is forecast at 146.357 mln tonnes this month up from 145.526 mln forecast for 2022/23 in July and 145.153 mln forecast for 2021/22.
Total barley consumption is seen at 147.061 mln tonnes (145.968 mln in USDAs July report, 148.465 mln in 2021/22), and ending stocks at 16.853 mln tonnes (16.402 and 17.557 mln tonnes, respectively).