04 August, 2006

World: EU barley prices less competitive than Black Sea prices

Feed barley trade is almost exclusively done from the Black Sea, prices FOB small ports are US$115.00 / 118.00, FOB large ports US$120.00 / 122.00, reports stated August 01. For comparison EU barley is not at all competitive at levels between US$135.00 and 140.00 FOB seaports. Quotes for Saudi-Arabia, the world’s largest buyer of feed barley, are around US$145.00 CIF. China is the largest importer of malting barley, quotes of Canadian and Australian barley are US$195.00 to 205.00 CIF, a reaction to poor new crop prospects.

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