As of November 10, Ukrainian barley exports amounted to almost 75,000 tons, with grain prices rising, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“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 10,600 UAH/ton. The market was supported by spot export sales, in particular to the Middle East and Algeria,” analysts explained.
At the same time, experts predict 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 $5-7 that the price per ton has gained may disappear just as quickly. The market is currently overheated locally, and barley remains a relatively expensive feed grain,” analysts noted.
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 $1-2 per ton, and accordingly may reach a conditional level of 10,800 UAH/ton on the domestic market,” Pusk concluded.
