MARKET REPORT FEED & ADDITIVE MAGAZINE April 2024 77 Barley attracts attention as a highly nutritious grain product that is mainly used in animal nutrition and malting industry. According to the data of the International Grains Council (IGC), 7 million tons of world barley production, which was 153.6 million tons in the 2022/23 season, was used in the food industry, 104.8 million tons in feed production, 27.9 million tons in industrial areas and 12.9 million tons in other areas. In other words, about 68 percent of the world's barley production was used as animal feed or feed ingredients. The use of barley as a feed grain is increasing, especially in locations that are not suitable for corn production. However, the production rate of barley and the resulting market price are the most important factors affecting the usage rate of this grain as feed. Feed producers or animal breeders may find it more appropriate to turn to alternative sources if barley prices exceed the prices of other grains. For example, the expectation that there will be a decrease of more than 8 million tons in production in the 2023/24 season indicates that the use of feed will also decline. LATEST EXPECTATIONS FOR BARLEY PRODUCTION Reports by international organizations providing information on the grain situation in the world indicate that there will be a significant decrease in barley production in the current season. For example; according to March 2024 data of International Grains Council (IGC), world barley production, which was 160.5 million tons in 2020/21 season, decreased to 146.1 million Global Barley Supply and Demand & 2024 Expectations According to the International Grains Council IGC's March data, world barley production, which was 160.5 million tons in the 2020/21 season, decreased to 146.1 million tons in the 2021/22 season, but again increased to 153.6 million tons in the 2022/23 season. However, it is estimated that there will be a significant decrease in barley production in the current 2023/24 season. By Derya Yildiz
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