World Barley Production
With a smaller European 2021 crop and despite good prospects in Argentina and Australia, World Barley Production has now dropped to 148.7 millions tons from 158 million tons of last crop, resulted from big drop in Canada (more 3 millions tons), EU 27+ UK (3,8 millions tons) and Russia.
Top Barley Producing Countries
World Malting Barley Price Summary
Global prices continue to move upward and stretch beyond the previous highs. Canada pricing is well above other origins as the problems are assessed and imports of malting barley are likely. Other barley origins are steady to slightly higher. The malting barley premium continues to widen.
Argentina and France are currently the main global trade options for China while Australia is getting increasingly more interest from buyers searching for quality and competitive pricing which means incremental demand for barley falls to Australia.
Hops, in the other hand, have good outcome from crop 2021 globally, with production in both Germany and the US – the world two biggest hop producers increase between 2 – 5% compared to crop 2020. The supply, however depends much on forward contract rate and individual varieties position.
