Connect with us

NT News

Barley the grain commodity most reliant on sales to China | North Queensland Register

Published

on

ADVERTISEMENT


THE FALLOUT from a Chinese ban on exports varies markedly across the various classes of grain commodity.

A Rural Bank report, investigating China’s share of Australian agriculture exports in light of the ongoing trade tension, found the barley industry, which has suffered from Chinese tariffs implemented in May, is the most exposed to China, with 66 per cent of its export value coming from the Asian giant.

In contrast, a similar ban would barely cause a ripple in the pulse industry.

Rural Bank found just 2 per cent of export value and just 1pc of export volume in the pulse sector, which is heavily geared towards subcontinental and Middle Eastern markets, went to China.

China’s decision to ban Australia barley was not without cost to its own…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Be inspired by Tayla Harris and the other go-getters in the running to be named 2021 Young Australian of the Year | The Land
Weather News – Australia’s tropics remaining active over the coming week