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China’s appetite for barley sucks in French and Canadian new crop
China’s buying spree of French and Canadian barley is spilling into the 2021/22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said.
China has been sweeping up huge volumes of foreign crops to help feed a pig herd being rebuilt after a disease epidemic. In barley, an 80.5% tariff slapped on Australian supplies last year, amid diplomatic tensions with Canberra, has focused demand on other suppliers.
A large amount of Canada’s 2021 barley crop has already been booked by Chinese buyers, traders said, with one citing at least one million tonnes.
2/3/2021 China s tariff on Australian barley favours other suppliers French, Canadian new-crop feed barley already sold -traders Forward deals on top of big shipments in current season By Gus Trompiz PARIS, Feb 3 (Reuters) - China s buying spree of French and Canadian barley is spilling into the 2021/22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig herd being rebuilt after a disease epidemic. In barley, an 80.5% tariff slapped on Australian supplies last year, amid diplomatic tensions with Canberra, has focused demand on other suppliers.