Australia's barley headlines the list of agricultural exports flocking to China after tariffs lifted

Published 2024년 10월 23일

Tridge summary

Since the removal of heavy tariffs by China last year, Australia's barley export sector has significantly recovered, with 74% of the country's barley exports being sent to China, a major shift from negligible exports during the three years of the 80.5% tariffs. This surge is attributed to extended negotiations with the World Trade Organisation and improved bilateral relations under the current Australian government. Despite efforts to diversify, the higher prices paid by China have made it the primary destination for Australian barley exports. China's interest in Australian oats has also grown, accounting for over 40% of exports in the past four years. However, trade barriers have hindered the growth of other major agricultural commodities like wheat, dairy, honey, meat, wine, and seafood.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A year after China dropped its heavy tariffs on Australian barley and the Aussie barley export sector has flocked back to the Asian giant. According to data compiled by agricultural analysts Episode 3 since the Chinese market reopened this time last year a whopping 74 per cent of Australia's export barley went to China after negligible volumes during the three years when the 80.5 percent tariffs were in place. China imposed the tariffs on the grounds of anti-dumping, however after extensive World Trade Organisation negotiations and a thawing of bilateral relations since the election of the current Australian government the duties were removed last year. While Australia had a diverse number of trade partners for its barley in the years China was absent from the market, with Saudi Arabia leading the pack, since the reopening of the Chinese market it has been one way traffic. There have been industry pushes to try and maintain a diversified set of trade partners and official work is ...
Source: Farmweekly

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