As of November 10, Ukrainian barley exports amounted to almost 75,000 tons. Grain prices are rising.

This was reported by the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), created within the Ukrainian Agri Council (UAC).

"Barley is showing positive dynamics — prices rose by $2–4, or about 100–150 UAH per ton, over the week. On average, the conditional price for barley on the domestic market is about UAH 10,600/ton. The market was supported by spot export sales, in particular to the Middle East and Algeria," the analysts noted.

At the same time, experts believe that the current growth may be short-term.

“Traders are now looking for deliveries until November 15-20 at the latest. After that, demand may disappear. That is, the USD5-7 per ton increase in price may disappear just as quickly. The market is currently overheated locally, and barley remains a relatively expensive feed grain,” according to FUAC.

Despite this, a slight increase is still possible in the coming days.

“By the end of this week or early next week, we may see further growth. Barley is likely to add USD1–2 per ton, and may reach a conditional level of 10,800 UAH per ton on the domestic market,” the analysts concluded.