World trade in feed and malting barley has been extremely thin in March. The total EU licence program consisted of 28 thousand tons. In the Black Sea Markets, Russia claims to have no more old crop barley for sale and there are no Ukrainian FOB quotes either. Mediterranean buyers seem covered until their new crop positions, and traffic to the Middle East is certainly hampered by the war in Iraq. The EU is the cheapest barley origin at US $ 103,- to 106,- FOB main ports.

11 April, 2003