New barley markets have offset China ban, trade officials say


Source: farmweekly.com.au farmweekly.com.au

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Aa RURAL exports rose by $261 million in February, with cereal grains leading the way despite the ongoing trade tensions with China. The bumper winter crop was the big driver behind the monthly haul of $4.22 billion, the seven per cent month-on-month increase. The Department of Foreign Affairs and Trade revealed in the recent Senate estimates that the impact of the Chinese tariff on Australian barley - which effectively closed the market - had been offset by new markets in Saudi Arabia, Kuwait, United Arab Emirates and Thailand. "Barley is actually an interesting story, because while exports [to China] have...