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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