Australia: Australian barley currently the cheapest in the world

Australia's barley is currently the cheapest in the world owing to a bumper crop of higher grade malting barley, ABC.net reported on December, 22.

The price is now just A$145 per tonne and grain dealer Christian Norgard hopes it's stabilised.

"It probably can't go much lower, but obviously if there is a financial crisis in Europe that will have a big impact on our market," he said.

"But with northern hemisphere, with winter crop in the ground and spring planting all starting, the price difference between Australian grain and European grain is quite significant."

23 December, 2011