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Australian barley export prices reached a three-year low in September after exports to China, its largest market, plunged. The downturn is linked to diplomatic friction between Canberra and Beijing over the origin of the coronavirus pandemic.
China's absence as a buyer of Australian barley keeps export demand weak and pressures barley prices, making barley cheaper for domestic feed use.
asia.nikkei.comSACHIHA KUROSE, Nikkei staff writerOct 3, 2020Not 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.
