Market Morsel: Feed barley low cost bettering

Market Morsel

Barley stays impacted by the absence of China. Since Could 2020, one of many world’s largest importers of barley has been successfully unavailable to Australian exporters.

Barley tends to be at a reduction to wheat as a consequence of its dietary distinction. The primary chart beneath reveals the month-to-month unfold between F1 and ASW.

The low cost to F1 has been giant for the reason that introduction of the Chinese language anti-dumping tariff was launched.

Nonetheless, the unfold has been closing the hole in current months again nearer to the longer-term common.

This can be a good signal that the market is getting again to a extra regular low cost. The low cost remains to be bigger than earlier to the tariff introduction, however it’s higher than it was.

Let’s hope that relations between Australia and China can thaw and open again up the market.

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