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Australia and China reached an agreement to resolve their barley import dispute, according to both countries. The deal signals improving ties between the two major commodity trade partners.
Resolution of the dispute opens the door for Australian barley to return to the Chinese market, which would increase global barley supply to China and likely weigh on prices from competing origins.
reuters.comAlasdair Pal, Dominique PattonApr 11, 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.
