"What we're finding is that even though we're getting good prices [for barley], because the entire tide has lifted for grain prices, in reality it's not as good as it could be," analyst Andrew Whitelaw said."France is almost another world away in terms of shipping freight, but it's passing our boats as we go to Saudi Arabia and it's going to China."
"It's a kind of lose-lose situation that China has enacted this tariff. It costs us, but it also costs them.""When barley gets to $280 [a tonne] we say that's decent. If it brushes $300 we think it's great, but if it could be $320 we should be vocally upset about [losing] that $20.Australia is expected to harvest 11.7 million tonnes of barley this season.
"If Canada had a huge crop and China wasn't importing as much, those two factors alone would probably have meant that we'd be looking more like a barley price with a one in front of it [under $200 a tonne]. "Barley crop forecast down Rabobank said it "did not expect China to return as a market to a material degree even in the mid term, [but] the tight global corn market is set to support [feed] barley demand over the coming year".
China's 80 per cent barley tariff a 'lose-lose situation' for Australian grain growers, Chinese consumers. Feel sorry for Chinese consumers, but this and other tariff offences by China is a wake up call to Australian producers to seek markets elsewhere.
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