USDA World Barley Numbers

10/05/12 -- The USDA are forecasting an EU-27 barley crop of 53.6 MMT in 2012/13 - an increase of just over 2 MMT, or 4% on last year. That is largely responsible for world barley output rising 1.7 MMT to 135.4 MMT next season.
Russia and Ukraine will have smaller crops, the latter’s falling by 17% to 7.5 MMT. Decreases are also anticipated from Turkey (down 11%), Kazakhstan (down 23%) and Morocco (down more than 50% at 1.1 MMT).

Increases in output are expected from Argentina (up 35%), Canada (up 15%) and Iran (up 17%).

World consumption is forecast slightly higher at 136.2 MMT, with global ending stocks seen falling a tad to 21.4 MMT.