China Resumes Imports of Australian Barley After 3 Years, Providing Relief for Struggling Farmers
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Australian barley exports to China resumed after 3 years when China lifted 80.5% tariffs imposed in 2020 amid diplomatic tensions
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China has imported over 300,000 tonnes of Australian barley worth $139 million since August 2023
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Tariffs caused Australian farmers to find new markets like Mexico and Saudi Arabia, but they welcome return of major Chinese market
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Australia barley production expected to drop 24% in 2023-24 to 10.8 million tonnes due to El Niño weather effects
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Reopened China market comes at good time with feed barley fetching premium prices around $38-40 per tonne