World: Analysts trim outlook for EU barley exports to 6.75 mln tonnes

Analyst firm Strategie Grains has trimmed its outlook for EU barley exports this season by 200,000 tonnes to 6.75 million tonnes, citing reduced expectations for French and German shipments to Libya and Iran.

But it increased its forecast of global barley trade, pointing to higher demand from China's livestock sector, supported by the threat of restrictions on U.S. sorghum imports and tariffs against U.S. corn.

At the same time, the analyst firm raised its forecast of EU barley exports next season by 200,000 tonnes to 8.6 million tonnes, reversing some of last month's downward revision.

Despite an expected drop in demand from Iran and Algeria, imports by China and Saudi Arabia were seen remaining brisk and competition from Australia and Black Sea countries easing because of smaller projected surpluses there, it said.

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 marketing@castlemalting.com .