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Western Australian barley prices have been volatile, falling after China imposed tariffs on Australian barley. A projected surplus of 6-6.5 Mt for 2020-21 is pressuring values lower, with exports and carryover now the key question.
Chinese tariffs push Australian barley out of its second-largest market, so a large exportable surplus is likely to keep prices weak unless new buyers emerge.
farmweekly.com.auNick Crundall, Head of Strategy, Market CheckSep 11, 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.
