Wedoany.com Report-Jul. 4, A rise in demand from China has driven up domestic barley prices by $8, with the delivery price reaching $240 CIF ($203 FOB Odessa). This increase reflects growing international interest in barley, impacting market dynamics.

The contract size for these barley shipments is estimated at 500,000 to 700,000 tonnes, representing approximately 25% of the country’s total export capacity. The projected barley harvest is expected to reach 4.5 million tonnes, supporting the ability to meet this demand.

This surge in demand highlights the strength of global agricultural trade, with China’s consistent need for barley contributing to higher prices. The export volume underscores the country’s significant role in supplying barley to international markets.

The price increase is expected to benefit local farmers and exporters, providing opportunities for enhanced revenue from the barley sector. The contracts align with the country’s agricultural output, ensuring a balanced approach to meeting both domestic and international needs.