At the previous tender on February 19, the company purchased 960 thousand tonnes of barley at $238,59-251,84/MT C&F. Prices on the black sea barley at that time was $201-202/t FOB deep-sea ports.

Saudi Arabia – the largest importer of barley in the world. Forecast USDA imports for this year is 8 million tons For Russia is the largest consumer, which imported all of last season to 1.17 million tonnes and 1.45 million tonnes from July to January of the current season.

Experts "Sovekon" I think what the major discrete procurement of the Kingdom was one important reason for the rapid growth of barley prices on the world market. Current export prices for black sea barley are at $216/ton, the highest level since December 2014. Culture is still significantly more expensive than wheat, the price of which is $207/ton (12.5%).

In fact, Saudi inelastic demand this season superimposed on reducing the global supply of barley. Global production in the season 2017/18 decreased to 142.4 million tonnes from 146 million tonnes in 2016/17, and in Australia, mostly Russian competitor in the Saudi market, up to 8 million tonnes from 12.9 million tonnes.

Of the major countries-exporters of barley production rose only in Russia to 20.6 million tonnes from 18 million tonnes, However, take it hard due to infrastructure constraints.

The results of the Saudi tender, according to experts, it is highly interesting as an indication of whether to continue the growth of world and Russian export prices for barley.

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