Farms.com Home   News

China-Australia Relations: Ban on US$400 Million Australian Wheat Imports Looms

By Su-Lin Tan and William Zheng
 
China is expected to ban imports of Australian wheat, putting a A$560 million (US$394 million) trade in doubt, with the grain the latest to join a list of new blocks on Australian products, according to industry sources.
 
From Friday, barley, sugar, red wine, timber, coal, lobster, copper ore and copper concentrates from Australia, are expected to be barred from China even if the goods have been paid for and have arrived at ports. The ban on wheat is likely to follow, although a date has not yet been set, sources said.
Click here to see more...

Trending Video

Market Monitor

Video: Market Monitor

Kim Anderson, OSU Extension crop marketing specialist, analyzes the May WASDE report and the recent price increases.