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CBH Group shipped 35,000 tonnes of malting barley from Albany, Western Australia, to Mexico, a first for the Australian grains industry. CBH says Saudi Arabia, the second-largest barley importer at about 7 million tonnes a year, is also an opening, and Australian feed barley is price competitive against Russian and Ukrainian supply.
New export markets for Australian barley ease reliance on China and support Australian barley prices, while the Mexico shipment is a small addition to global barley trade flows.
abc.net.auDavid Claughton, Michael CondonJan 20, 2021Not 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.
