Ukraine: barley prices reduced, despite the growth of export rates — APK-Inform

APK-Inform

According to APK-Inform figures, since the beginning of January 2018 the seaports of Ukraine still faced the downward trend for barley prices, which started developing in December. The situation appeared, due to decreasing of the interest of traders to work with the grain, in terms of the low-active inflow of proposals from agrarians, which do not allow forming any large-scale batches for the following exports.

As of January 23, the bid prices for feed barley mainly totaled 6700-7100 UAH/t and 212-217 USD/t CPT-port, down 50-100 UAH/t and 3-5 USD/t compared with the end of December. Only representatives of some export-oriented companies announced the maximum prices.

At the same time, in the current season the export rates exceed the last season figures. According to preliminary estimations of APK-Inform analysts, in December 2018 Ukraine exported almost 122 thsd tonnes of barley, against 72 thsd tonnes in December 2017. For two months running, Saudi Arabia and Libya remained the key sales markets for the Ukrainian grain. So, in November 2018 the share of the two countries covered 90% of all export shipments of barley from Ukraine, and in December 2018 the reporting share decreased to 79%, due to the growth of supplies to Japan and Egypt.

It should be noted that in 2018/19 MY, Egypt started actively interesting in Ukrainian barley, and in July-December the country imported 68.3 thsd tonnes of the grain, while for the whole last season did not purchase any batch, and in 2016/17 MY — 8.6 thsd tonnes only.

You can receive more detailed information about the trends of the grain market in the Black Sea region and prospects of the further cooperation with Egypt, within frames of the international conference Middle East Grains&Oils Congress, to be held on March 11-12, in Cairo, Egypt.

Organizing committee of the conference

+38 (067) 634-26-05,

+38 (0562) 32-15-95 (multichannel)

Irina Ozip (ext. 115) — [email protected],

[email protected]