Looking for an alternative market for barley export in Australia

category:Finance
 Looking for an alternative market for barley export in Australia


Birmingham and littlepould also said on the 19th that they would find an alternative export market for Australian Barley during the dispute settlement. Birmingham said Australian officials are in talks with other potential international customers, including Indonesia. In particular, he said in an interview that Australia will have 500000 tons of feed and grain online in Indonesia on July 5 and will enter the market duty-free. Littleprood said India, Indonesia, Saudi Arabia and Kuwait are all the markets Australia is exploring. Little Proud also called on Australian farmers to be reassured that Australias agricultural products are the best in the world and are in demand in the rest of the world.. However, Australian barley growers are not optimistic about the proposal. Hawking, chairman of the Grain Growers Association, told the Australian newspaper that finding alternative markets was a challenge.

As 90% of barley exports to China are concentrated in Western Australia, mattiernan, the states agriculture minister, is very worried about the impact of blocked exports on the regional economy. Mattiernan said tariffs will bring a $200 million direct economic loss to farmers in Western Australia this year, who will have to sell barley as low-cost cattle feed or switch to other crops. Weidman, chairman of Australian grain producer, said that Chinas tariff decision would make Australia lose the most important barley export market established in the past decade or more. He hoped that Australia and China could start negotiations on tariff as soon as possible.

Analysts believe that the search for an alternative market for exports cant be done overnight, it just seems feasible. Australias barley is the most valuable market in Australia because China has offered a higher price for buying Australian barley to make wine, ABC said Tuesday. Japan, Thailand and Saudi Arabia may be potential buyers, but they mainly use grain to raise livestock, which is unlikely to make money in Australia. Australian officials, such as Birmingham, have recently repeatedly claimed that they are constructive in dealing with trade disputes with China, but the opposition believes they owe farmers an answer. At a time when Australia was troubled by tariff issues, the United States stabbed this ally. US President trump has said he is ready to let the F-35 fighter parts originally made in Australia and other allies return to the US for manufacturing, according to us political website. This may make Australia, which has an increasing number of unemployed people, even worse. Source: Global Times Author: Liu Tianliang editor in charge: Wang Xiaowu_ NF

At a time when Australia was troubled by tariff issues, the United States stabbed this ally. US President trump has said he is ready to let the F-35 fighter parts originally made in Australia and other allies return to the US for manufacturing, according to us political website. This may make Australia, which has an increasing number of unemployed people, even worse.