{"id":19938,"date":"2024-02-19T13:45:53","date_gmt":"2024-02-19T13:45:53","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19938"},"modified":"2024-02-19T13:45:56","modified_gmt":"2024-02-19T13:45:56","slug":"aussie-malting-barley-exports-to-china-soar-despite-tariffs","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/02\/19\/aussie-malting-barley-exports-to-china-soar-despite-tariffs\/","title":{"rendered":"Aussie malting barley exports to China soar despite tariffs"},"content":{"rendered":"\n

Australia\u2019s barley sales have rebounded, with 90% of all barley exports going to China after Beijing relaxed import restrictions.\u00a0<\/p>\n\n\n\n

This good news is happening despite China retaining a high tariff on wine imports, \u00a0affecting barley profits. Spent barley contains\u00a0grain residue,<\/u><\/a>\u00a0which features in beer and wine making.<\/p>\n\n\n\n

The December 2023 sales represent a rapid trade comeback, given China removed barley export restrictions as recently as August 2023.\u00a0<\/p>\n\n\n\n

The restrictions came up in 2020 when the then administration in Australia indirectly linked China with the outbreak of COVID-19.<\/p>\n\n\n\n

High Tariffs and Top Dollar<\/strong><\/strong><\/h3>\n\n\n\n

Since reclaiming its role as one of China\u2019s main barley suppliers, Australia is now awaiting reprieve from wine tariffs.<\/p>\n\n\n\n

Negotiations are ongoing to remove  a part of the current  218% duty<\/u><\/a> on Aussie malting barley. Even so, Canberra is still exporting malting grain at this high duty while independent traders from Beijing are seeking more import opportunities.<\/p>\n\n\n\n

Tariffs or not, Australia is making profit from its renewed exports. The removal of the main trade blocks other than wine tariffs edged sales by\u00a0AUD$400,000<\/u><\/a>\u00a0($261,800) for December 2023.\u00a0<\/p>\n\n\n\n

Australia expects to continue earning in 2024 despite a small barley harvest because the current price more than compensates any supply dip. As a result, the sector may only suffer minor repercussions from the  El Ni\u00f1o drought now affecting prices of local livestock<\/u><\/a>. Cattle, in particular, depend on barley feed.<\/p>\n\n\n\n

China is willing to grant top dollar to barley from Australia. In end 2023, the average import price was up to AUD 40<\/u><\/a> ($26.18) a tonne.<\/p>\n\n\n\n

Prices of the wine grain had hit rock bottom in 2020 just after Beijing slapped astronomical duty on barley imports.<\/p>\n\n\n\n

Successful tariff review would draw in more businessmen from China and boost earnings for Australia\u2019s exporters at the current profitable price.<\/p>\n\n\n\n

Aussie Malting Barley Volumes<\/strong><\/strong><\/h3>\n\n\n\n

The shipment size for December 2023 illustrates the rapid growth of exports in the short period since the lifting of export restrictions. <\/p>\n\n\n\n

Australia shipped over 1.298 million metric tonnes of grain barley during the month. Feed barley notched 60% from November\u2019s sales, to register 843,260 tonnes, while malting barley reached 455,399 tonnes<\/u><\/a>.<\/p>\n\n\n\n

The barley season, however, ends early in Western and Southern Australia, leaving Victoria to bridge export demand.<\/p>\n\n\n\n

Barley is a distinguished grain for making wine as it brews a complex ale that competes well with other old wines. Its brewing process is generally time-intensive, requiring ingredients like hops, but it eventually pays off with a complex blend.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s barley sales have rebounded, with 90% of all barley exports going to China after Beijing relaxed import restrictions.\u00a0 This good news is happening despite China retaining a high tariff on wine imports, \u00a0affecting barley profits. Spent barley contains\u00a0grain residue,\u00a0which features in beer and wine making. The December 2023 sales represent a rapid trade comeback,…<\/p>\n","protected":false},"author":3,"featured_media":19939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nAussie malting barley exports to China soar despite tariffs - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/02\/19\/aussie-malting-barley-exports-to-china-soar-despite-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aussie malting barley exports to China soar despite tariffs - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s barley sales have rebounded, with 90% of all barley exports going to China after Beijing relaxed import restrictions.\u00a0 This good news is happening despite China retaining a high tariff on wine imports, \u00a0affecting barley profits. 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