World: Barley crop forecast 5 mln tonnes down next season
IGC forecast the world barley crop of 2017/18 at 144 mln tonnes, down from 149 mln last year. Only the EU figure is higher by 1.5 mln tonnes, while the production of all other producers is expected lower, together 6.2 mln tonnes, H. M. Gauger GmbH reported earlier in May.
World trade will be 27 mln tonnes, consumption 146 mln tonnes, both unchanged from last year, the IGC analysts believe.
There is still a large disagreement between analysts, which is due to abnormal weather, but also a changed consumption pattern. H. M. Gauger GmbH analysts said the barley crop may be as low as 140 mln tonnes.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at firstname.lastname@example.org .