Barley markets have firmed $5-$10 per tonne this week on hopes that China may resume its buying of Australian product after a three-year absence. Recent rain, with more on the forecast, has shifted grower attention to planting, and away from selling and out-turning grain over coming weeks.
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Barley markets have firmed $5-$10 per tonne this week on hopes that China may resume its buying of Australian product after a three-year absence. Recent rain, with more on the forecast, has shifted grower attention to planting, and away from selling and out-turning grain over coming weeks. This has created a few shorts in the domestic market to offset what feels like a softer tone globally ahead of Northern Hemisphere new crop. Table 1: Indicative prices in Australian dollars per tonne. In an internal report, StoneX senior export cash grain broker Nick Poutney said the company welcomed Monday’s news of China’s review on Australian barley tariffs. “We would expect trade flows to be revived later this year, should negotiations between the Chinese and Australian governments be successful,” Mr Poutney said. “Prior to the 80 percent import tariffs that have affected the market since 2020, Australia regularly exported 3 million tonnes of barley, and up to 6Mt on occasion, to China each ...
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