China is likely to break last year’s record barley imports from Canada, but while most of that demand is for malt quality, it’s feed prices that are firming—enough even to draw malt barley, says FCC.
“Exports of malting barley to China are projected to be a record, set to exceed one million tonnes,” says Peter Watts, managing director of the Canadian Malting Barley Technical Centre. “Last year it was about 800,000 tonnes, which was also a record.”
China bought 891,000 tonnes of Canadian barley from August 2017 to January 2018, Statistics Canada data shows. That’s 85 per cent of Canada’s total barley sales, and over double year-ago figures. Read more here in the article posted by Farm Credit Canada.
This summary is based on a recent article posted by Farm Credit Canada and is used with the permission of the author and Farm Credit Canada. The article was originally published in the FCC Express. Join over 30,000 subscribers and receive the latest ag news, outlooks and insights by subscribing today.