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Barley prices in Ukraine continue to rise amid a shortage of supply and hryvnia devaluation

penciUkrAgroConsult
penciJan 10th, 2025
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Trade4go Summary

Ukrainian farmers are withholding the sale of agricultural products, such as rapeseed and sunflower, due to high prices and currency devaluation. This has led to a decrease in supply and an increase in prices for corn, wheat, and barley. The rise in the dollar against the hryvnia and higher export prices have further contributed to the surge in feed barley prices. As a result, domestic feed processors have increased the price for feed barley. However, demand for malting barley remains low due to difficulties in selling malt on the global market. Global demand for alcoholic beverages is also declining as young people opt for technology and a healthier lifestyle.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

During the New Year holidays, the traditional decline in supply and demand for agricultural products in Ukraine was even more pronounced this year. This is due to the fact that farmers have enough working capital from selling rapeseed and sunflower in the first half of the season at high prices. Now they are refraining from selling amid the hryvnia devaluation and gradual rise in corn, wheat and barley prices. The dollar continues to rise against the hryvnia and has increased by 0.5% to 42.4 UAH/$ since the beginning of the year, which, together with higher export prices, is contributing to the rapid growth of feed barley prices. Over the past two weeks, export demand prices for feed barley in the ports of the Black Sea increased by 200-400 UAH/t to 9300-9500 UAH/t or 192-195 USD/t, and in the ports of the Danube – to 200-201 USD/t, supported by rising prices for feed corn to 205-206 USD/t and feed wheat to 207-209 USD/t. Amid stronger export demand, domestic feed processors have ...