EU: Barley production estimated lower 2.24 million t to 54.55 million t
COCERAL, the European association representing trade in cereals, feedstuffs, oilseeds, olive oil and agro-supply at the European Union, estimated barley production in Europe 2.24 million t lower down to 54.55 million t. This is still above the last year's level of 52.88 million t. This year's estimated production is higher for Germany, France and Spain, and lower for the Czech Republic and Poland, UkrAgroConsult said in its Market Weekly report for October 02-09, 2006.
In the cash market of European feed grains past week an increase in buying activity was reported. The high level of domestic prices is still an obstacle for active export. French barley is at the level of €/t 118-119 FOB Creil.
For the past week Tunisia has bought 125,000 t of Black Sea barley priced US$/t 181.5 – 184 CFR, and that puts FOB values to US$/t150. Jordan announced a tender for 100,000 t barley on October, 18. Saudi didn't find any offers for US$/t 180 CFR.
UkrAgroConsult noticed a decrease in spread between European and Black Sea prices for barley, due to tightening supply.
Ukrainian feed barley is priced 785 UAH/t CPT in big Black Sea ports. As of October 05, Ukrainian farmers planted 213,000 ha of barley (40% of the last year’s planted acreage).
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