Ukraine exported 41,000 tons of barley as of October 23. Analytics point to a certain revival of export demand for the grain because of the improvement of the work of Odesa ports. However, the main demand is focused on the domestic market.

This issue was discussed on October 24 during the weekly briefing organized by the analytical center of the "PUSK" agricultural cooperative, created within the framework of the UAC.

"Export demand for barley has intensified. In Odesa, the demand for barley with certification for deliveries to China is recorded at a price of about $118-120 per ton. Such prices are announced for delivery to Odesa by November 10. As of November, the company has already sold 50,000 tons of barley for delivery to China. Therefore, we can expect further movement of the grain through Odesa ports. There will not be a big price increase, but the prices may rise by $5 per ton," was mentioned by the analytical department of the PUSK cooperative.

According to analysts, the Danube ports are not currently trading barley. Although the indicative price is $125-130 per ton, there is no real movement.

Higher liquidity is recorded at the western borders (“Chop”) - $135-140 per ton on DAP terms, but the demand in this direction is low.

"The main demand is focused on the domestic market, with the main buyers of barley being processing plants. Currently, the purchase prices are at the level of 4,500-4,800 UAH/t, no significant changes are expected in the coming weeks," PUSK added.

Tuesday, 24 October 2023

 

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