02.
09.20
11:55

Australia's barley is fed domestically

Australian farmers are forced to sell their barley to feed mixers in the country or to look for other buyers on the international market after China has imposed 80% punitive tariffs on barley imports from Australia.
Yesterday it was announced that Australia's largest barley exporter will no longer be allowed to export to China with immediate effect. There could be other grain traders on the Chinese red list as well.
As it has been extremely dry in Australia for the past three years, domestic demand for feed is still very good. However, dealers there do not achieve the prices that were previously possible in China. Because the roughage harvest will be much better this year, grain suppliers will have a problem next year. So you will probably grow other types of grain.
So far, 70% of Australian barley has been exported to China. But that's over with the high punitive tariffs. At home, the grain farmers earn the equivalent of 34 € / to less for their feed grain than when exporting to China.
The Chinese are upset that Australia's prime minister is calling for an independent investigation into the Covild-19 virus.
The trade dispute is now also continuing with other agricultural commodities.

Source
Hansa Terminhandel GmbH
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