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USDA Grains: World Markets and Trade

11 March 2015

USDA Grains: World Markets and Trade - March 2015USDA Grains: World Markets and Trade - March 2015

USDA Grains: World Markets and Trade Reports

China’s barley imports are boosted to a record 6.0 million tons this month, propelling world trade to the second highest level after last year’s record. China is traditionally the world’s
largest malting barley importer; however, starting last year, imports of barley for feed use surged. This comes as China’s appetite for imported coarse grains has grown more than 25
percent year to year, to nearly 16 million tons. China also remains an important market for distillers dried grains with solubles (see November 2014 Grain: World Markets and Trade).

At the same time, Saudi Arabia, the largest barley importer at 6.5 million tons, has made changes to its subsidy policy in order to diversify its feedstuffs imports and to lessen its
reliance on barley. As a result, this month barley imports are lowered (500,000 tons) and corn boosted (600,000 tons).

The EU, with its barley exports forecast the highest in 15 years, stands to gain the most this year from China’s growing demand. This comes after 2 years of good EU crops and as barley
and other feed grain prices have fallen following 2 consecutive years of record world corn production.

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