Accumulated higher ending stocks seem to play with prices’ progress
June 8, 2017 at 8:40 AM ,
Starry Night Ltd.
The upcoming harvest looms on the horizon
The highest outputs of barley are produced from the Southeast region and the North regions, while smaller quantities are harvested from the Southwest and central South regions. Depending on the regions of the country, barley has been transforming from lactic ripeness stage to wax ripeness stage of maturity; and/or from wax ripeness stage to full ripeness stage of maturity. The higher the temperatures during the upcoming weeks, the quicker the acceleration of the crop to its full stage of ripeness.
Barley during marketing season 2016-17
SOFIA. The marketing season for barley, harvest 2016-17, is closing in the end of the month. This season barley has stood relatively weak on the international markets, with exports reaching 373,796mt by the end of last week, according to the Ministry of Agriculture. The export figure is the lowest in a row of three years, as regional competition and good domestic demand are among the factors of influence. Inevitably, higher accumulated stocks will be built at the start of the new harvest. Currently, remaining quantities amount to 44,712mt.
Harvest 2016-17 (01.07.2016 - 02.06.2017) |
|
Carry over |
4,900 mt |
Domestic output |
697,787 mt |
Domestic consumption |
299,900 mt |
Exports to the world |
373,796 mt |
Average yield |
3.9 mt/ha |
Source: Bulgarian Ministry of Agriculture
The exhibited price trend of average monthly EXW purchasing prices, starting August 2016 until May 2017, has been a slow but firm upward ascend.
Barley, Bulgaria |
|
Type |
EUR/kg |
feed barley |
0.141 |
EXW Bulgaria |