Logo
Friday, 25 September 2020
Logo
The News and Media Division of The Insight Partners
Thursday, 21 May 2020 01:00 pm

China-Australia row to reshuffle trade in bleak global outlook

    “This should benefit Canada and France that have plenty of stock this year,” Helene Duflot of French consultancy Strategie Grains said. “China won’t have any problems finding supply.”

newsImage
 

A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said.

Beijing said on Monday it would apply an 80.5% tariff on Australian barley imports for the next five years, a move expected to all but halt flows from its main supplier.

    “This should benefit Canada and France that have plenty of stock this year,” Helene Duflot of French consultancy Strategie Grains said. “China won’t have any problems finding supply.”

    Australia has shipped around 2 million tonnes of barley in the current season to China, about half of its expected barley exports.

Several cargoes of French feed barley have been sold this month for export to China, partly in anticipation of the tariff decision, traders said.

    Canada and France could see extra demand for their malting barley in particular as China has fewer alternatives to Australia in that segment, whereas feed barley faces competition from other feed grains such as corn, analysts said.

    However, the fresh prospects for exporters are limited.

    China had already shifted towards Canadian, French and Ukrainian origins during an 18-month-long probe into Australian barley, and further widened its options by approving Russian and more recently U.S. barley for import.

    “I don’t think it’s a magical shift but at least it’s some additional demand,” Dave Reimann, a Winnipeg-based analyst at Cargill’s MarketSense division, said of Canadian prospects.

Read here

Tags China Australia Beer Import Beijing Global outlook

Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

media@smartmarketnews.com | sales@smartmarketnews.com

Contact Us
Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter

A PHP Error was encountered

Severity: Notice

Message: Undefined index: csrf_token

Filename: include/footer.php

Line Number: 149

Backtrace:

File: /home/smartmarketnews/public_html/application/views/include/footer.php
Line: 149
Function: _error_handler

File: /home/smartmarketnews/public_html/application/views/news_details.php
Line: 791
Function: view

File: /home/smartmarketnews/public_html/application/controllers/News_controller.php
Line: 227
Function: view

File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once

">
Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved | Privacy Policy