According to APK-Inform, the indicative forward prices of Ukrainian feed barley of the harvest-2022 increased significantly after the Russian invasion.
The upward trend is based on unclear prospects as to the resumption of export from Ukraine through seaports as well as uncertainty about how long the war will last. Safety of shipping in the Black Sea is doubtful too, as there was an information about mines in the waters. Additionally, the production will decrease due to the narrowing of planted area under spring barley and likely decline of the yields, as farmers will not be able to treat crops properly. Moreover, barley stocks are limited that supports the prices as well.
By the end of the week, the forward bid/offer prices of new crop barley amounted to 330-350/370-395 USD/t FOB Black Sea (July-August).
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