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Argentine barley shipments to China have resumed after a three-year lull, driven by China's trade dispute with Australia. Argentina is on track for at least 250,000 tonnes this year and a record 380,000 tonnes in 2021.
Argentine feed barley has mainly gone to Saudi Arabia, while its malting barley has gone to South American brewers.
Chinese demand for Argentine barley adds a new source of export demand that could support Argentine barley prices. It also tightens competition for feed barley in other import markets.
malaymail.comAug 27, 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.
