Tridge summary
Australia successfully diversified its barley export markets in South and Central America during a period of Chinese tariffs, but China has since become the largest buyer of Australian barley again. This diversification strategy was necessary during the tariff period but was predicted to be temporary as China would eventually become the dominant buyer once the tariffs were no longer in effect.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
When China had a huge tariff on Australian barley, there was a big push to diversify our markets away from having a reliance on China. This was needed at the time because we had no choice - we had to find as many homes as possible to send our barley to. One of the markets that we won was South and Central America. Prior to the tariff being introduced, we had barely exported to that region. In the chart below, we can see that during the period 2020 to 2023, Australia absolutely took over and stamped its authority on the region. In reality, at that time, countries that would normally trade into South and Central America were sending large volumes of barley into China to replace the volume we could no longer supply economically. The volume into South America was welcome, as it was a new market and a market taking malt barley. The volume was small compared to what we exported during the tariff period, as seen in the second ...
Source: Farmweekly
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