European barley prices are on the rise as wet and cold weather in May and June has led to a drop in quantity and quality harvested, according to analyst at Bernstein Research.
While Forward prices for the North American winter grain, which are normally harvested between late July and September, have been falling marginally over the past few years, bad weather in western Europe, which harvests the crop a bit earlier than the US, has seen less crop harvested with poorer quality leading to estimated higher prices.