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A large Saudi Arabian tender and a weaker Australian dollar have lifted Western Australian feed barley to about A$260/t. Prices had fallen to about A$220/t after China imposed an 80% tariff on Australian barley.
Saudi demand and currency-driven export competitiveness support barley values as harvest approaches, while the lack of grower forward sales adds uncertainty about supply.
farmweekly.com.auShannon BeattieSep 30, 2020Not enough comparable past events yet for a historical read.
Not 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.
