Argentina is poised to regain its status as the world’s second-largest barley exporter as the current harvest concludes, according to a report from the Rosario grains exchange. This comes as the area dedicated to barley cultivation has expanded, while other major exporters, like Russia, are expected to reduce their shipments.
Key Highlights:
Barley Usage:
Barley is primarily utilized for livestock feed and in the production of malt for beer and other alcoholic beverages.
2024/25 Crop Forecast:
Argentina’s barley crop is projected to yield 4.9 million metric tons, with exports anticipated to reach 3.4 million tons.
The increase in barley area sown this season is expected to cover 1.6 million hectares, marking a nearly 9% rise compared to the previous year.
Harvesting Timeline:
The harvesting process is expected to conclude later this month, with a national production estimate of 3,420 kilograms per hectare.
Global Barley Market:
Australia is expected to maintain its position as the top barley exporter, while France is likely to secure the third spot in the global market.
Export Destinations:
In recent years, Brazil has been the primary destination for Argentine barley used in beer production, while China remains the largest market for barley intended for livestock fattening.
The Rosario grains exchange noted Brazil’s recent expansion in malt production capacity, which is expected to enhance its import demand for Argentine barley.
Economic Impact:
Argentina is also a significant global supplier of processed soybeans, corn, and wheat, with export revenues crucial for bolstering the central bank’s foreign currency reserves.