Strong Demand from China for Grain-Based Feed Stimulates the Global Barley Market
Jun 10, 2021
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2021 is forecast to see global barley supplies outstripped by demand. This may lead to a sharp rise in grain prices. A substantial proportion of consumption growth is driven by the demand from China for barley-based feed, as China's livestock population continues to recover from the swine fever outbreak. Shortages in supply are expected due to the poor crop yield owing to the adverse weather conditions in Russia, Australia, Turkey and the UK.