As of September 29, Ukraine had exported 235,000 tons of barley. Despite the absence of shipments to China, export rates and barley prices were supported by a tender in Turkey.

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

"Last week, Turkey's state procurement company announced a tender for 255,000 tons of barley. This factor became the main driver of the market, ensuring a temporary increase in prices. Currently, the conditional prices for Ukrainian barley are USD 215–217 per ton, or UAH 10,150–10,250 per ton in ports. There is almost no support for prices on the domestic market, as barley remains more expensive than other feed crops," the analysts note.

It is expected that thanks to the Turkish tender, the market may maintain relatively high price levels for another week, with a possible increase of USD1–2 per ton. However, after the tender activity ends, the price may return to the range of USD 210–214 per ton.

“In October, the barley market will traditionally be guided by wheat price dynamics. If the wheat market continues to show growth prospects, barley will also gradually rise in price,” the FUAC adds.