Feed Rye Price Trend and Forecast

Feed Rye Regional Price Overview

Get the latest insights on price movement and trend analysis of Feed Rye in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Feed Rye Price Trend for the Second Half of 2023

Just like the first half, the second half of the year 2023 also recorded a consistent surge in feed rye prices. The production yields were already hit hard because of the unfavorable weather conditions this year; to top that, consumption also registered record-high patterns.
 

Feed Rye Price Chart

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India celebrated and promoted the year 2023 as the international year of millets; this skyrocketed the demand for rye and its products in the country. Demands exceeded supplies by large numbers. Many millet-based startups came up dealing in products like rye pasta, rye bread, etc. Overall, the said duration of H2’23 was a very positive time for the feed rye market prices.

Analyst Insight

According to Procurement Resource, the Feed Rye price trends are projected to grow even more in the coming months; since the supply is already constricted, the price graph will remain inclined.
 

Feed Rye Price Trend for the First Half of 2023

The price trend of feed rye surged around the globe as the food market suffered severe inflation. In recent weeks, the coarse grains market has mostly taken on a bullish tenor. The US feed rye crop's vulnerability to weather, and the uncertainty surrounding Ukrainian exports have both contributed to this trend.

In the US, the rounds of extreme heat, below than normal rainfall and dry conditions affected the rates of rye production negatively. The hot and dry conditions not only enhanced the intake of water but also proved to be a cause of struggle for the bees, and thus, the region recorded lower rates of pollination than usual. From the war front, the Russians ended the Black Sea grain export corridor concerned the traders, but the influx of cheap imports from Brazil increased the competition, forcing the local manufacturers to take extreme steps.

Analyst Insight

According to Procurement Resource, the price of Feed Rye is expected to further incline as the inflation in the food market is a direct result of low rates of production due to unfavorable weather conditions and high demand from consumers.

Procurement Resource provides latest prices of Feed Rye. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.