HAMBURG, Germany/MOSCOW -- Barley prices around the world are rising sharply as China sucks in crops from elsewhere after hitting Australia with steep tariffs last year as part of a diplomatic spat.
Prior to May 2020, Australia was China's main barley source. But Chinese importers are now escaping the whopping 80.5% tariff on Australian barley by buying up unprecedented volumes from France, Argentina, Canada and Ukraine. Australian farmers, meanwhile, are finding new outlets.
