As of September 29, Ukraine exported 235,000 tons of barley, despite the absence of supplies to China. Export rates and barley prices were supported by a tender in Turkey, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“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 $215–217 per ton, or 10,150–10,250 UAH/ton in ports. There is almost no support for prices on the domestic market, as barley remains more expensive than other feed crops,” analysts noted.
Experts believe that thanks to the Turkish tender, the market may maintain relatively high price levels for another week, with a possible increase of $1–2 per ton. However, after the tender activity ends, the price may return to the range of $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,” Pusk concluded.
