Barley prices static as old-crop finds homes

By FWi staff

WITH very little old-crop barley left on-farm, the domestic barley market remains static.

Feed barley is unchanged at about £75.95/t ex farm while November futures have inched up slightly at £74.80/t.

Despite this quiet market in the UK, there was some activity on the international export markets with several sales of European barley taking place – chiefly to Iran and Jordan, said Cargills Ian Wallis.

At last weeks European grain management committees weekly export tender the Commission granted sales for 476,000 tonnes of barley.

With attention turned on intervention barley only, the stocks came mainly from France, Germany and Spain.

“The large volume demonstrates the Commissions desire to remove some of the burgeoning intervention stockpile before the new season begins,” said Mr Wallis.

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