A global glut of malting barley is limiting export opportunities for the ample Canadian crop and that is driving down prices, say analysts.
Australia harvested 11 million tonnes of barley in 2016-17, which is a record and 28 percent more than the previous year, according to an estimate by the U.S. agricultural attaché.
Australia is one of the world’s largest exporters of barley. It typically accounts for 30 percent of the malting barley trade and 20 percent of feed barley trade.
That share is expected to...