23 March, 2005

World barley market remained stable last week. The European Commission once again rejected all proposals for export barley subsidies, but traders needs grow every week. The minimum rate on which market operators figured last week was EUR 17.79/MT (EUR 1 more than before). The vagueness over subsidies leads to slackness on the European market.

At the same time, the Russian market revived last week, UkrAgroConsult commented. So, according to IKAR, about 123KMT of barley was exported on 3-9 March, i.e. twice as much as a week before. The vivid export leads to further price growth in port regions and stable prices in other ones.

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