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Grain Producers Australia warned about the risks of Australian barley exports relying heavily on China, which now takes about 78 per cent of exports since tariffs were lifted in August 2023. Analysts say China is paying a premium for Australian barley, and the industry is urging producers to diversify markets.
Concentrated demand from China supports Australian barley prices but raises the risk of a sharp drop if Beijing imposes new restrictions. Buyers should watch for any change in Chinese import policy.
abc.net.auMichael CondonFeb 13, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
