At EP3 and on our sis publication Agwatchers, we have stated a couple of times that the modification of federal government in Australia may be helpful in defrosting the relationship with China.
Today it was revealed that China would accelerate its evaluation of the supposed discarding of barley into China. 2 years of tariff on Australian barley was left. This evaluation might speed up the procedure.
We did lose out. China has actually been buying big volumes of barley when we were missing from the marketplace.
Whilst Australian traders have actually been diversifying by sending out barley worldwide to unknown countries, we anticipate that as soon as trade resumes with China, they will soon take the mantle of biggest client.
There is a 3– 4 month evaluation ahead of us, which will likely indicate that any substantive trade with China will be next season.
You can read our evaluation of the barley tariff here and you can listen to our podcast here