07 December, 2005

World: Without barley from the EU there would be a deficit in the world market

World barley markets will remain tight in the 2005-2006 market year, analysts have recently commented. They said that without barley from the EU there would be a deficit in the world market, therefore EU offers, definitely without export refunds, will be a yardstick for all other origins. Maybe the large Australian crop will create temporary pressure, analysts siad.

Altogether feed barley prices will remain well above other feed grains: EU barley FOB seaport, US $ 137,-, Ukrainian barley FOB Black Sea US $ 132,-, optional origin barley CIF Mediterranean US $ 153,-/154,-, CIF Saudi-Arabia US $ 157,-/158,-. US Yellow Corn FOB Gulf port US $ 96,-, CIF Mediterranean 130,-/135,-, Ukrainian feed wheat FOB Black Sea US $ 109,-/112,-, CIF Mediterranean 135,-/145,-. (Feed wheat prices have firmed substantially in view of poorer crop prospects for 2006 in the Black Sea countries).

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