Australia Barley Returns to China: Trade Resumes

The significant return of Australian barley to the Chinese market marks an acceleration in the pace of the restoration of trade relations between the two countries.Since the Chinese government decided to revoke the high - tariff on Australian barley in August 2023,the scale of Australian barley exports to the Chinese market has grown rapidly.The latest report on the website of the Voice of America shows that Australia has now become the second - largest source country of Chinas barley imports,second only to France.

Barley is a widely used crop,mainly used for beer brewing and animal feed.China,as the main destination of Australian barley exports,accounts for half of the total Australian barley exports.According to official Chinese data cited by the Australian Embassy in China in early December,since the revocation of the tariff in August,in October 2023,China imported 314,000 tons of barley from Australia,worth approximately 139 million Australian dollars,equivalent to approximately 670 million yuan.

It is worth noting that since the Australian Labor Party government came to power in 2022,there have been continuous dialogues between the two countries,promoting the gradual warming of China - Australia relations.While Australia has returned to the Chinese barley market,other countries are also actively expanding the Chinese market.Especially Russia,the quantity of its barley exports to China increased by more than double in October 2023 compared with the previous month,reaching 128,100 tons,a 12 - fold increase compared with the same period last year.

This change not only demonstrates the huge demand for barley in the Chinese market but also reflects the dynamic changes in the global agricultural product trade pattern.With the further opening of the Chinese market,agricultural product exporters from Australia and other countries will have more opportunities to enter this vast market.