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Australian malt barley remains sluggish as the steep discount to world prices persists, with Australian feed barley bids around US$265-270 FOB in December versus about US$368 equivalent for French barley sold to China. Global feed barley trade is set for a three-year low, mainly due to weaker Chinese purchases, while Australian malt exports rose 32% year on year from a small base.
Chinese anti-dumping duties keep Australian barley priced at a deep discount, and new markets only partly offset lost Chinese demand, so price recovery depends on duty removal.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingFeb 17, 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.
