Saudi Arabia slashed purchases of Russian barley
561.75 KMT of Russian barley was exported in August (+11% from July and -5% from August 2020/21). Barley exports since the season’s beginning had totaled 1068 KMT (-18% y-o-y).
The leading buyer of Russian barley is Turkey, which imported roughly 363 KMT for the two months (by contrast, 303 KMT was purchased for the entire 2020/21 season).
Saudi Arabia noticeably reduced barley imports from Russia – by 76% from the same time last year, with its share in Russian exports down at 18%, UkrAgroConsult reports.
Apart from Saudi Arabia, a slump is seen in purchases by Jordan, which were down 64% from July-August 2020/21.
The following countries stepped up purchases compared to the same time last year: Iran (doubled), Libya (+18%).
In August, Russian barley was shipped to Iraq (63 KMT), for the first time since March 2019.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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