In the first half of 2023, the Asia-Pacific region experienced mixed barley price patterns. Unseasonal weather changes in India and Australia disrupted crop cycles, leading to higher prices and reduced exports. In contrast, European markets saw barley prices fluctuate on the lower end due to trade normalization amid the Russia-Ukraine conflict and improved supply chains. In North America, barley prices remained relatively flat but higher than the previous season due to global inflation, weather-related crop losses, and logistical challenges.
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Definition
Barley is a versatile cereal grain widely cultivated for various purposes. It is a member of the grass family and is primarily used as animal feed, human food, and in the brewing of beer. With a rich nutritional profile containing fiber, vitamins, and minerals, barley serves as a valuable ingredient in the food and beverage industry and plays a crucial role in agriculture and livestock farming.
Key Details About the Barley Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the barley in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The barley Price chart, including India barley price, USA barley price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Barley Price Trend:
Barley has several industrial applications across various sectors. In the food industry, it is used to produce malt for brewing beer and distilling spirits. Additionally, its grain and flour are employed in baking and food processing. Beyond food, barley straw finds use in animal bedding and environmental applications like erosion control and water purification. The crop’s versatility, nutritional content, and ease of cultivation make it a valuable resource for multiple industries.
Key Players:
- Crisp Malt
- Grain Millers, Inc.
- Fornazor International Inc.
- Imperial Malts Limited
- DHN International
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