World: USDA forecasts on world barley market

USDA made only minor adjustments to their U.S. barley production, supply and demand balance sheet in December. They lowered imports by 5 mbu to only 10 mbu, raised U.S. exports by 5 mbu to 30 mbu, and lowered U.S. ending stocks by 10 mbu to 101 mbu, Idaho Barley Commission reported on December 15.

• World barley production is now projected to decrease 11.8% to 135.2 MMT. US production fell 24.1% to 4.6 MMT.

• World barley supplies are estimated to decrease by 4.4% to 167.6 MMT. US supplies decreased by 14.9% to 7.4 MMT.

• World barley trade is expected to decrease by 1.4% to 16.9 MMT. US exports are expected to decrease 60% to .300 MMT.

• World barley consumption is pegged to decrease slightly to 142.7 MMT. US usage projected to decrease by 16% to 4.8 MMT.

• World barley carryover stocks are estimated to decrease 23.2% to 24.9 MMT. US carryout is projected to decrease by 22% to 2.2 MMT.

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