China: China banning Australian barley import creates dual world market for the commodity
When China prohibited barley imports from Australia (except for malt import/export-trade), it created a dual world market, H. M. Gauger GmbH reported earlier in October.
Only Argentina, Canada, France, and Ukraine are admitted suppliers; agreements with Denmark, Russia, and the U.K. have not resulted in business in recent years.
French barley prices command a premium of USD 10,- vs. other EU markets, Ukrainian feed barley with Chinese specifications is USD 8,- per tonne higher than Russian barley, FOB Black Sea.
China imports feed barley, quantities depend not only, but very much on the price difference versus corn. The country also needs minimum 3.5 mln tonnes of malting barley per year.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at email@example.com .