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Funding grant aims to lift Australia-China barley trade

  • : Agriculture
  • 24/05/24

Australia's barley trade with China has the potential to expand further following a government-backed grant to support relationships between Australian growers and Chinese maltsters and brewers.

Australia's National Foundation for Australia-China Relations (NFACR) awarded the Australian Export Grains Innovation Centre (AEGIC) A$350,000 ($231,735) to support Australian growers "re-engage and reinvigorate relationships" with Chinese barley importers and promote sustainable barley trade.

Australia's barley trade with China has rapidly recovered since Beijing removed its 80.5pc anti-dumping and countervailing duties on Australian barley in August 2023. The tariffs had caused barley exports to China to cease entirely between December 2020 and July 2023 but exports hit a decade high of 1.16mn t in December 2023, according to Australia Bureau of Statistics data.

AEGIC will use the NFACR grant to host Australian barley industry seminars in China, as well as to demonstrate the Australian barley supply chain to a Chinese delegation in Australia. AEGIC's provision of technical information on Australian barley to Chinese buyers will increase "the likelihood they will choose grain from Australia", said its executive general manager Courtney Draper on 20 May.

China is Australia's largest barley export destination this year, accounting for 82pc of all barley exports during January-March, ABS data show.


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25/03/25

Lula visits Japan to talk ethanol, Cop 30, beef

Lula visits Japan to talk ethanol, Cop 30, beef

Sao Paulo, 25 March (Argus) — Brazilian president Luiz Inacio Lula da Silva traveled to Japan on Tuesday in search of energy transition agreements and new market opportunities to improve trade relations between the countries. Bilateral Japan-Brazil trade fell to around $11bn in 2024, down from $17bn in 2011, the Brazilian government said. Brazil exported $730mn in goods to Japan in January-February, while importing $995mn from the Asian country in the period, according to Brazil trade ministry data. Exports dropped by almost 13.5pc from a year before in the two-month period, while imports grew by nearly 25pc. "Firstly, we have [a shortfall] to turn around," Lula said. Brazil will also ask Japan to join its growth acceleration plan . He is accompanied by 11 ministers and four members of congress, including senate president Davi Alcolumbre and lower house president Hugo Motta. Ethanol market Brazil aims to sell more ethanol to Japan, as the Asian country expects to increase its ethanol blend to 10pc from 3pc by 2030. "If Japan blends 10pc of ethanol into gasoline, it will be an extraordinary step not only for us to export to them but for them to be able to produce in Brazil," Lula said. Japan received 3.4pc of Brazil's ethanol exports, according to Brazil's development and trade ministry. Cop 30 and energy transition Lula's visit also seeks to attract investment in renewable energy, forest revamps and new donations to the Amazon Fund, as well as a "strong commitment" from Japan at the Cop 30 summit, to be held in Brazil later this year. Brazil aims to export clean fuels to generate power to Japan, as power imports account for more than 80pc of all Japanese power demand and "a large share of it comes from fossil sources," according to the Brazilian foreign relations ministry's Asia and Pacific secretary Eduardo Saboia. Brazilian and Japanese companies announced earlier this year plans to produce biomethane in Brazil . The renewable fuel would supply both countries. Brazil and Japan should also sign a deal to help recover the Cerrado biome, which is the second largest biome in Brazil and the second most endangered. It comprises of savanah grasslands and forest and makes up about 25pc of the nation's territory. The Cerrado lost 9.7mn hectares to wildfires in 2024, up by almost 92pc from 2023, according to environmental network MapBiomas' fire monitor researching program. Deforestation is one of Brazil's flagship issues for Cop 30 this year. The country has been pushing for forest protection and recovery initiatives as most of Brazil's past Cop pledges cannot be met with only its remaining forests. Japan and Brazil should talk about the Amazon Fund as well because Brazil "wants more", Saboia said. Japan was the first Asian country to donate to the fund with $14mn, which Saboia said was "too little." Where's the beef? Lula is also targeting opening Japan's beef market to Brazilian exports, as the Asian country imports over 70pc of all its beef. Lula met with members of the beef exporters association Abiec in his first day in Japan to discuss the matter. The bulk of Japan's beef imports — 80pc — come from the US, the Brazilian government said. Brazil does not currently export beef to Japan. "Brazil has the logistic capacity to increase exports and double beef exports every four years," transport ministry Renan Filho said. Brazil has been trying to enter Japan's beef market for over two decades. This time, Lula expects to achieve a technical visit from Japan to inspect Brazil's beef producing conditions as a first step toward accessing the Japanese market. Lula will depart to Vietnam on 28 March to debate a plan to turn the country into one of Brazil's strategic partners. Only Indonesia is considered a Brazil strategic partner in southeast Asia. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia frozen boxed beef: Sales slow


25/03/21
25/03/21

Australia frozen boxed beef: Sales slow

Dalby, 21 March (Argus) — Uncertainty over potential US import tariffs and reciprocal tariffs from other major beef-importing countries slowed beef trim sales, amid low trader visibility on future price trends. The Australian 85CL frozen beef price fell by A$0.18/kg to A$9.24/kg. Bids, offers, and trades ranged from A$8.90/kg to A$9.45/kg. Traders anticipate that prices will remain steady until there is clarity on import tariffs. Most market participants expect prices will then rise because of a lack of domestic product available in north America. The spread between US domestic and imported Australian beef is currently at US$0.90/lb, a market participant said. Any tariff is also anticipated to close this spread, eroding the value-adding opportunity where imported beef is processed further in the US and then branded under USDA labelling. Sustained demand for Australian 95CL frozen bull beef increased the price by A$0.09/kg to A$10.74/kg. Bids, offers, and trades ranged from A$10.40/kg to A$11.03/kg with US buyers demanding product from New Zealand as well. Trades to Japan were mixed. Some market participants reported that second-quarter negotiations on popular cuts have stalled until US tariffs become clear, while other processors reported finalized contracts with a general price increase. Large volumes of Australian 100-day grain-fed chuck roll were sold to Korea and Japan, with small volumes also shipped to Canada. The price rose by A$0.09/kg to A$12.23/kg. A significant volume of Australian 100-day grain-fed inside cap off was also sold to Japan. The price fell by A$0.14/kg to A$12.19/kg. Bids, offers, and trades ranged from A$11.00/kg to A$13.51/kg. Processors in southeast Queensland continue to work through a cattle backlog after production days were lost because of Tropical Cyclone Alfred earlier this month. Forecast wet weather across northern Australia is anticipated to slow cattle supply, which is outpacing demand, particularly for grain-fed cattle. Market participants anticipate forward prices to soften, they said. Strong competition for cows is occurring throughout eastern Australia because of a shortage in the southeast. One processor is offering prices of 305A¢/kg for heavy cows over 600kg, delivered to the Dalby saleyards, market participants said. Processors want to keep production lines busy, although US demand could affect this. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Upper Mississippi River reopens for transit


25/03/20
25/03/20

Upper Mississippi River reopens for transit

Houston, 20 March (Argus) — The first towboat arrived at St Paul, Minnesota, today, marking the start of the 2025 navigation season on the upper Mississippi River, according to the US Army Corps of Engineers (Corps). The Neil N. Diehl passed through Lock 2 at Hastings, Minnesota, with nine barges, crossing into St Paul on 19 March. Tows reaching St Paul signify the unofficial start of the navigation season, as St Paul is the last port to open on the Mississippi River after winter ice thaws each year. This is considered an average start time for the navigation season, which typically opens the third week of March. The first tow to reach St Paul in 2024 arrived on 17 March. The Corps released the final Lake Pepin ice measurements of 17in on 12 March and was unable to take new measurements this week since the ice had melted significantly. Lake Pepin measurements help determine when the ice will be thin enough for barges to transit up river. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Escoamento de soja causa fila de caminhões em Rondônia


25/03/20
25/03/20

Escoamento de soja causa fila de caminhões em Rondônia

Sao Paulo, 20 March (Argus) — O tempo de espera para embarque da safra de soja 2024-25 no porto de Porto Velho, em Rondônia, chegou a seis dias nesta semana, de acordo com a Associação dos Produtores de Soja do estado (Aprosoja-RO). A falta de infraestrutura portuária e de armazenagem nas fazendas, aliada ao pico da colheita da oleaginosa nas últimas semanas, aumentou a fila de caminhões para o escoamento das cargas no porto de Porto Velho. "Tivemos uma fila de até 1.200 caminhões no pátio de triagem de Porto Velho, por onde é escoada toda a produção do estado e da região noroeste de Mato Grosso", disse o diretor administrativo da Aprosoja-RO, Marcelo Lucas. As cargas embarcadas seguem pelo Rio Madeira até o porto de Santarém, no Pará, de onde é exportada. A colheita de soja 2024-25 em Rondônia deve atingir 2,4 milhões de toneladas (t), um aumento de 7pc em relação ao ciclo anterior, de acordo com a Companhia Nacional de Abastecimento (Conab). Rondônia não teve dificuldades no escoamento de soja nessa magnitude em anos anteriores, mas, por conta do pico de colheita na safra deste ciclo, há um volume maior a ser transportado em um menor espaço de tempo, segundo a Aprosoja-RO. A Aprosoja-RO também disse que os gargalos logísticos têm causado prejuízos aos produtores, que não conseguem escoar a colheita de suas propriedades. As cargas que conseguem ser embarcadas acabam degradadas por conta das longas tempos de esperas para descarga. Os produtores também estão absorvendo os custos de manter caminhões estacionados em armazéns e portos, elevando os preços do frete de grãos rodoviário a níveis acima do que é tradicionalmente praticado na região, disse a Aprosoja-RO. Na semana encerrada em 13 de março, o frete rodoviário de grãos no corredor Sapezal-Porto Velho atingiu R$235/t, ante R$185/t no mesmo período em 2024. A entidade disse que está trabalhando com o governo do estado para rever a concessão do porto de Porto Velho, permitindo que outras empresas operem. A Aprosoja-RO recebeu relatos de que há espaços ociosos que poderiam estar atendendo aos produtores. O porto de Porto Velho é administrado pela Sociedade de Portos e Hidrovias de Rondônia (Soph), que informou que não administra as filas externas e não tem autoridade na área retroportuária de caminhões aguardando liberação para triagem nos terminais. Por Bruno Castro Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2025. Argus Media group . Todos os direitos reservados.

Brazil central bank raises target rate to 14.25pc


25/03/20
25/03/20

Brazil central bank raises target rate to 14.25pc

Sao Paulo, 20 March (Argus) — Brazil's central bank raised its target interest rate by 1 percentage point to 14.25pc amid accelerating inflation in a decelerating — but still heated — economy. The hike in the target rate, announced Wednesday, was the fifth in a row from a cyclical low of 10.5pc at the end of September last year, partly prompted by accelerating depreciation of the currency, the real, to the US dollar. Brazil's annualized inflation hit 5.06pc in February and is poised to keep accelerating. The bank's Focus economic report increased its inflation forecast to 5.7pc for the end-of-year 2025 from 5.5pc in January, when the bank's policy-making committee last met. Brazil's current government has an inflation ceiling goal of 3pc with tolerance of 1.5 percentage point above or below. The bank has recently changed the way it tracks the inflation goal. Instead of tracking inflation on a calendar year basis, it now monitors the goal on a rolling 12-month basis. The bank cited heated economic activity and a strong labor market as factors that have contributed to rising inflation. But the bank forecasts "modest GDP growth" for Brazil of almost 2pc in 2025, down from 3.4pc growth last year. Further tightening will also be linked to global economic uncertainty prompted by US president Donald Trump's aggressive trade and other policies and the monetary policies of the US Federal Reserve , according to the bank. Brazil's target interest rate is expected to keep rising at the bank's next meeting in 6-7 May, albeit to "a lesser extent" as the contributing factors are set to moderate, according to the committee. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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