According to Radio *** on December 30**, after China lifted its high tariffs on Australian barley in August 2023, Australian barley was once again exported to China on a large scale. Australia is currently China's second-largest importer of barley, after France.
Barley is reported to be versatile, mainly for beer brewing and animal feed. China is Australia's main market, accounting for 50% of its barley exports.
The Australian Embassy in Beijing, citing official Chinese data, said in early December that China imported 31 percent in October after tariffs were lifted in August40,000 tonnes of Australian barley, worth 1A$3.9 billion (about 6.).700 million RMB).
Source**: Australian barley Source: foreign media.
In addition, according to a report by animal feed industry professionals** in November, between August and November, Chinese importers received about 20 batches of grains from Australia with a total amount of more than 1 million tons. According to the report, industry sources expect China to continue to buy Australian barley in 2024.
According to the report, the Australian Labor Party has continued to dialogue with China after coming to power in 2022, contributing to the warming of Australia-China relations. As Australia returns to the Chinese barley market, other countries are also making big moves into the Chinese market. Barley shipments from Russia more than doubled from the previous month to 12810,000 tons, an increase of 12 times over the same period last year.
*: Reference message.