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China and Australia agreed to a two-step arrangement in which China will expedite a three-month review of its 80.5% duties on Australian barley, and Australia will suspend its WTO dispute. The duties have effectively blocked exports to China since 2020.
A removal of duties could restore roughly 3-6 million tonnes of annual Australian barley trade to China, adding supply to the export market and pressuring competing barley prices.
farmweekly.com.auJasmine PeartApr 12, 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.
