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AHDB notes that China may impose a tariff of about $74 per tonne on Australian barley, and that Australian barley is returning to the market. UK feed wheat futures for November 2020 rose £2.05 to £171.50 per tonne, mainly on sterling weakness.
Chinese tariffs push Australian barley into Asian and North African markets, adding competition for UK barley exports and pressuring barley prices, especially in the second half of the season.
ahdb.org.ukMay 28, 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.
