China: Barley and soybeans imports to China altered by politics issues

The retaliatory Chinese import duty on U.S. soybeans had altered the soybean flow to China from North to South America and depressed U.S. soybean price levels by USD 50,- per ton, having recovered slightly even before the Buenos Aires meeting of the two presidents, H. M. Gauger GmbH reported on December 4.

After the “armistice” announcement without any specifics on the commodity trade, markets reacted cautiously positive, but certainly not jubilant.

The latest and inexplicable Chinese stunt is a “dumping investigation” on Australian barley imports, which have already led to an interruption of normal trade and threatens to end up with penalty duties on Australian barley. It would change the Australian barley position from a geographically advantaged supplier to China to a disadvantaged shipper to more distant markets of the world, the analysts said.

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