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France and Argentina are seeking barley buyers beyond China as prospects grow that Australian barley shipments to China could resume from July if negotiations progress. China bought large volumes of French barley in February and March, nearly clearing old-crop supplies.
Chinese traders expect Australian shipments to resume in earnest in October-November.
A return of Australian barley to China would displace French and Argentine barley export demand, pressuring feed barley prices for non-Australian origins. The timing window narrows Chinese demand for other origins.
global-agriculture.comGlobaladminApr 27, 2023Not enough comparable past events yet for a historical read.
Not 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.
