In the second half of 2025, the malted barley market stayed mostly under pressure as both demand and wider grain movements worked against any strong recovery. Across the UK, usage by brewers, maltsters, and distillers remained below normal, even though a small rise was seen in late summer. This increase was helped by warm weather and confidence surrounding the UK-India trade agreement, but overall consumption from July to December still stayed weaker than the year before.
Premiums for malting quality barley stayed low through most of H2 because supplies were comfortable and exports did not show any major improvement. A large carry-in from the previous season also kept the market well supplied, limiting any upward movement. Conditions in Ukraine added further softness, where demand for malting barley was almost absent, and malt producers struggled to sell in export markets due to strong European competition and local energy issues.
Global factors also played a role. Late-year forecasts showed higher barley production in major exporters, which increased pressure on international markets. At the same time, falling feed grain values reduced support for malting grades, narrowing the difference between quality barley and feed barley.