Throughout 2025, the feed barley market moved with steady pressure, shaped mainly by expectations of large global feed grain supplies. Early in the year, buyers already showed caution, and as more information came in about expanding barley and corn production worldwide, confidence grew that prices would stay on the softer side.
This mindset appeared clearly in international tenders, where importers often pushed for lower levels or reduced their purchase volumes, signalling that they expected the market to weaken further.
In Ukraine, the market fluctuated more sharply. Short periods of strong demand appeared when exporters secured interest from large Asian buyers or when transport shortages limited grain movement to ports. These moments briefly lifted prices, but they did not last. As the harvest progressed and yields in several regions turned out better than first feared, supply became more comfortable. Farmers also delayed selling in the early season, but once more grain entered the system, buying interest cooled again, especially as global feed grains became cheaper.
Kazakhstan also faced downward pressure. Increased offers and competition from cheaper neighbouring origins made it difficult for local sellers to hold values. Meanwhile, in North America, a very large U.S. corn crop pulled the whole feed complex lower. Feeders increasingly relied on cheaper corn, which reduced the demand for barley and limited any potential price lift.
By the end of 2025, the market had settled with high global supply, strong competition from corn, and cautious buying kept values on a mild downward path.