Investor Presentaiton
Barley crop update
CANADIAN HARVEST COMPLETED - BARLEY CROP ~40% LARGER THAN LAST YEAR
•
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Canada
Harvest completed in UMG key barley
origination areas
RMI analytics estimate production at 9.7
million tonnes (vs 6.9m in 21/22)
Average crop result achieved in terms of
volume and quality
Australia
Wet conditions on east coast, concerns
on the resulting barley harvest. Good
crop condition in SA and WA, which will
help offset east coast barley risk
Barley production is expected to reach
12.3 million tonnes, the fourth largest
on record (ABARES September
estimate)
US
Harvest completed in UMG key barley
origination areas
Production is estimated at 3.8 million
tonnes, up 49% from 2021 (USDA July
estimate)
Scotland
Crop harvested under good conditions,
with lower moisture than typical across
the UK
Quality good for brewing and distilling
with low protein levels and good grain
size
UNITED
MMALT
Canada Barley Supply and Demand (Million Tonnes)
22/23
21/22
20/21
19/20
Harvested Area (Ha)
2.8
3.0
2.8
2.8
Yield
3.5
2.2
3.9
3.7
Production
9.7
7.0
10.7
10.4
Beginning Stocks
0.6
0.8
0.9
0.9
Imports
0.1
0.3
0.2
0.1
Supply
10.5
8.0
11.9
11.3
Use
6.6
5.4
7.5
8.1
Feed
5.2
4.1
6.2
6.9
Malt/Industrial
1.3
1.2
1.2
1.1
Other
0.1
0.1
0.1
0.1
Exports
3.2
2.0
3.6
2.3
Ending Stocks
0.7
0.6
0.8
0.9
Source: RMI Analytics 2 November 2022
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