World: EU and Ukraine�s barley exports below last year�s levels so far

EU and Ukrainian barley exports as of the beginning of November are far above last year�s levels, H. M. Gauger GmbH said in their November report.

Farmers in East and West Europe are very reluctant sellers, but also demand has slowed down temporarily.

The EU has a theoretical surplus of approximately 1.5 mln tonnes of winter and spring malting barley, of which 0.75 mln tonnes have already been sold.

The world S/D of malting barley will depend on the crop results in Argentina, Australia and Canada. China�s demand of 3.5 to 4.0 mln tonnes must be bought somewhere.