World: Barley prices are down in a rather quiet market
Barley prices are down across the board in what is described for now as a rather quiet market, RMI Analytics said in their latest report.
There are quality challenges to work through in the completed northern hemisphere crops, and there is still considerable time before the Australia and Argentina crops are assured.
France leads the way in terms of malting premiums but we see premiums narrowing in France and also in the other major barley regions.
Feed barley prices are currently holding steadier.
The downward drifting of barley prices continues but current levels remain well above the long-term lows experienced between 2017-2019 (before the major price rally in 2022 took place).
Surprisingly, the lower level of selectable global supply for two-row spring barley, coming from negative yield impacts and incidents of poor harvest weather in certain regions, has not altered price direction.
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