The Ukrainian barley market remains price-stable amid a gradual revival of trade in the new crop and anticipation of the results of the tender in Turkey, according to the analytical cooperative “Push,” established within the All-Ukrainian Agrarian Council (VAR).
“The Turkish tender is currently the key factor for the market. According to preliminary estimates, over 200,000 tons of barley will be purchased for delivery in March–May. This is a fairly significant volume that affects the balance of supply and demand in the Black Sea region,” analysts noted.
On Ukraine’s domestic market, prices for old-crop barley remain relatively stable. Barley is trading at 10,800–11,100 UAH/ton. Analysts noted that due to exchange rates, the price should have risen to 11,200–11,400 UAH/ton, but there is currently no real demand at such price levels in Ukraine. The market remains passive, so no significant price fluctuations for the old crop are expected in the next month and a half.
At the same time, trade in new-crop barley is gradually picking up in Ukraine. The first price benchmarks for farmers have already been announced: standard-quality barley is fetching $205–207/ton, while buyers are willing to pay more—$210–211/ton—for barley meeting Chinese market requirements.
“In the coming weeks, we are unlikely to see significant changes in these levels. Theoretically, the new harvest could add a few more dollars, but this will not be a sharp movement. More active sales can be expected in April-May,” according to forecasts from “Push.”
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