Malted Barley Price Trend and Forecast

Malted Barley Regional Price Overview

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

Malted Barley Price Trend for the First Half of 2024

In the first half of 2024, the malted barley market exhibited cautious optimism amid concerns about yield and quality. Late-sown Spring crops in key regions, including the UK, France, Denmark, and Sweden, benefited from favorable weather conditions, leading to generally positive crop development. However, the area sown in the UK increased only modestly, with English spring barley areas rising by less than expected. Despite these gains, maltsters and traders remained hesitant to secure large supplies, preferring to wait for clearer insights into the 2024 harvest outcomes.
 

Malted Barley Price Chart

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The uncertainty surrounding quality and yield, coupled with a more conservative approach from growers wary of last year's high premiums, kept forward sales limited. Furthermore, the market faced pressure from cheap corn, which competed with feed barley, influencing malted barley prices. While demand for beer across Europe remained steady, economic factors such as inflation and higher interest rates constrained consumer spending, adding to the market's cautious outlook. As the 2024 harvest approached, the balance between potential surplus and demand, particularly from export markets, played a critical role in shaping the overall price trends for malted barley.

Analyst Insight

According to Procurement Resource, the Malted Barley prices are expected to remain stable in the coming months since the supply and demand equation looks on par with each other.
 

Malted Barley Price Trend for the Second Half of 2023

The market trajectory and the consumption from the brewing industry drove the malted barley industry during the second half of the year 2023. The excess inventories and overflowing supplies in the breweries called for lackluster demands, which reduced the downstream support and pushed the price graph downward for malted barley.

Along with this, another major factor responsible for pushing down the malted barley prices was the downslide in the feedstock barley market. The El Nino supported barley production, which flooded the market with excess produce when other grains were also giving tough competition. This took away the upstream cost support from the malted barley market as well. As a result, falling price trends were witnessed during the said period.

Analyst Insight

According to Procurement Resource, given the current slump, the Malted Barley price trends are likely to improve in the coming months as the market will strive for stabilization.
 

Malted Barley Price Trend for the First Half of 2023

Malted barley is a central ingredient in the brewing sector as it consists of vital enzymes and sugars required for yeast fermentation that are essential in the production of beers and whiskey. It is also used as a taste enhancer in the production of malted milkshakes and cereals. Its price trend is thus dictated by the demand for food products and the production of grains around the globe.

In the first and second quarters of 2023, the production of barley, wheat, and other grains was adversely affected by severe weather conditions, mainly due to the El Nino phenomenon. The farmers thus struggled with hotter and dry weather trend that hampered the production outputs severally. Further, the Russian invasion of Ukraine disrupted the supply chains that, in turn, lowered the stock availability of malted barley around the globe. These restrictions in supply failed to cater to the rising demand for malted barley around the world, and as a result, the prices of malted barley followed an inclining journey.

Analyst Insight

According to Procurement Resource, the price of Malted Barley is expected to follow a fluctuating trend as the production rates are suffering from adverse market conditions while the demand seems to have taken a positive front.

Procurement Resource provides latest prices of Malted Barley. 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.