Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_English


CASTLE MALTING NEWS in partnership with www.e-malt.com
24 September, 2022



Barley news Argentina: Barley crop forecast remains at 5.3 mln tonnes

Light rainfall fell the past two weeks in Argentina, but the amounts are still minimal, RMI Analytics reported this month.

With the very good crop development in the south, the analysts’ estimate remains at 5.3 mln tonnes, but the experts also view this as the upper end of crop potential.

Export licences at around 0.9 mln tonnes are 90% feed (FAQ) with little malting barley sold for export and no change expected until the crop is assured.

The special government exchange rate incentive for farmers in selling soybeans has triggered 4-5 mln tonnes of sales. Cash flow requirements for farmers are now very low and add further disincentive to sell grains (wheat price is also higher than barley).

Argentina’s wheat prices were strong, up USD20/tonne last week before dropping back. Current barley prices are uncompetitive with wheat.

Barley prices are up slightly, with feed barley well supported following a cargo sale to China, reported at USD320/tonne FOB (2-3 weeks ago bid was USD300).

There is still interest in old crop cargo, but execution is complicated as no single selling can (or wants to) assemble the full cargo. The ongoing presence of export demand in the face of no farmer selling is expected to keep barley prices firm.





Back



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     No      Privacy Policy   





(libra 0.6563 sec.)