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Australian barley growers are seeking new export markets after China imposed tariffs of about 80% on the grain. Japan, Vietnam, Indonesia, India and Saudi Arabia are being targeted for larger shipments this year.
Loss of China as a buyer redirects Australian barley to other importers, which may weigh on Australian export prices. Demand from alternative buyers could limit the downside.
bloomberg.comAinslie ChandlerJun 8, 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.
