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Australian malting barley is offered at $350/t versus $390/t for French barley, and freight from Australia to China is about $25-30/t compared with $35-45/t from Europe. Chinese craft brewers are welcoming the return of Australian barley imports.
Renewed Australian barley access to China shifts export flows toward Australia and lowers landed costs, weighing on European barley competitiveness.
reuters.comCasey Hall, Dominique PattonSep 29, 2023Not 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.
