World: Barley buyers are reluctant to enter the market, prices risk to soar

According to AgriNews’ Grains and Oilseeds Report of October 12, the barley export market is very quiet and any activity will be just the trade covering old sales. The buyers are very reluctant to enter the market – if they do prices will just soar.

The EU barley market is very slow. Brussels is expected to sell more intervention stocks for Third Countries and this will continue to hold prices from increasing to the replacement prices. There aren’t also reported offers in the Black Sea barley markets.

Barley nominal quotes to West North Africa are at about US$/t 170 (probably based EU intervention). Saudi Arabia sees no offers. No trades on the barley market were reported.

Jordan tendered October 18th, 100,000 t of optional feed barley for Nov/Dec.

EU malting barley FOB US$/t prices for October, November and December are said to rank between 225 and 235.

13 October, 2006