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Australia's foreign minister reportedly held talks with China that led to a suspension of Australia's WTO dispute over barley. In return, China agreed to review the 80.5% additional tariff on Australian barley within three months.
Chinese alcohol industry groups have also argued the tariff should be removed.
If China lifts or reduces the barley tariff, Australian barley would regain access to a major import market, supporting export prices and demand. Until a decision is made, the outcome remains uncertain.
adepteconomics.com.auGene TunnyApr 28, 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.
