30 November, 2005

World: The barley market remains relatively stable, analysts said

The barley market remains relatively stable due to slack demand from buyers, which expect keener competition after European barley comes to the market. By the middle of the month, the price of barley on CIF Algeria terms gained $2, reaching $155/MT, according to analysts’ reports.

On the whole, the world market will be guided by the Black Sea and EU markets in December. However, after the New Year, prices will in many respects depend on the export outlooks for Australian barley. It should be taken into account that the Australian crop prospect improved due to fallen rains that may become a decisive factor for pricing in the latter half of the season.

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