Aussie barley finds support
May 25, 2017
Australian barley exports continue to post impressive figures on the back of strong demand from China for both feed and malting grades. Saudi has also provided demand for Aussie barley, as strong EU old crop markets ensure any available capacity from Australia has been utilised to cover shorts into the region.
This combination of demand continues to provide the Australian market with some support following the historically large crop that Australia produced in the 16/17 season.
Elevation capacity remains tight in most regions in the country, as large volumes of all commodities look to increased exports to reduce anticipated higher than average carry out levels.