The price of barley, an important feed grain for the European livestock industry, has more than doubled in six weeks in response to the drought affecting Russia and Ukraine, prompting fears of increases in the cost of meat and poultry.
European feed barley has risen to €210 a tonne, up 130 per cent from €90 a tonne in mid-June.
Traders said feed barley was trading at par with milling wheat, an unusual situation.
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