Mintec proposes to launch new Ukraine Feed Barley Mintec Benchmark Prices

All Market Notes 17 March 2023

Mintec is proposing to launch new monthly Mintec Benchmark Prices (MBP) for Ukrainian feed barley and is collecting feedback from market participants in the grains markets until Friday, 31st March 2023.

If the industry supports this proposal, Mintec suggests launching this assessment on Friday, 21st April 2023.

The proposed specification for this assessment would be as below:

The proposed assessment would reflect the transactable value at 16:00:00 London time. 

Ukraine is a key producer and exporter of barley, accounting for 13% of the world barley market. A large share of the barley produced in Ukraine is used as feed in domestic animal husbandry. Therefore, the new Ukrainian feed barley assessment would provide an independent reference point for the industry.

Please send any questions or comments about this market note to Methodology@mintecglobal.com, by 31st March 2023 and clearly state which market note your comments relate to, and if the comments are intended for publication by Mintec. 

Mintec will acknowledge receipt of all comments by email.