Australia will appeal the barley case, RCEP signed, India deregulating markets, watch those silo bags. A lot happened in the world of international grain markets in 2020, with the December 2020 GIMAF Update covering some of the key issues.
Markets are focusing on quarantine more and more. So can it be classed as a non-tariff measure limiting market access? Or simply something up to the customer country to decide? GIMAF (and others) are working on Pakistan, India and China. GIMAF’s November 2020 Update covers all these issues and more.
The market in India is heating up. Tariff changes, discussion on biosecurity improvements, new demand potential – none of them easy, but work in progress – see the GIMAF Update for September 2020.
Market access can be a challenge, yet amidst the economic havoc wreaked by COVID-19 the world still needs food, various export opportunities for Australian grain continue to evolve and good news does appear!
To see what GIMAF is talking about, go to GIMAF Update July 2020
Joint Statement from Grains Industry Market Access Forum, Australian Grain Exporters Council, GrainGrowers, Grain Producers Australia and Grain Trade Australia
19 May 2020
The Australian barley industry has expressed its deep disappointment with the announcement by the People’s Republic of China to place punitive tariffs on Australian barley exports to China. This follows an anti-dumping and countervailing subsidy investigations initiated by China in November 2018.
The People’s Republic of China has imposed a dumping margin of up to 73.6% and a subsidy margin of up to 6.9% for all barley imported from Australia on all barley imported from Australia, effective from 19th May 2020, in response to its investigations.
These tariffs will disrupt and most likely halt exports by artificially increasing the price of Australian barley imported to China until the situation is resolved. It is estimated this dispute could cost Australian grain industry and notably rural and regional economies at least $A500 million per annum.
See China tariff update to read the full statement.
Joint Statement from Grains Industry Market Access Forum, Australian Grain Exporters Council, GrainGrowers, Grain Producers Australia and Grain Trade Australia
9 May 2020
The Australian barley industry understands the People’s Republic of China, Ministry of Commerce (MOFCOM) are potentially proposing to place tariffs on barley imported from Australia as a result of their ongoing anti-dumping and countervailing duties investigations.
The yet to be finalised tariffs, may include a dumping margin of up to 73.6% and a subsidy margin of up to 6.9% for barley imported from Australia.
Australian barley exporters and the Australian Government have been provided with 10 days to respond.
It is understood MOFCOM may provide their final determination on, or before 19 May 2020.
The organisations making this statement and Australian barley exporters will continue to co-operate with the Chinese Government and work closely with the Australian Government.
This GIMAF Update is a special edition of the Pulse Guidance Notes that has been prepared in light of the changing situation in India, as that country institutes measure to contain the spread of COVID-19.
The situation and information is fluid and this information is current as at April 3rd, 2020. Click through to see the Update.
It’s a challenging time for all, however grain markets continue to operate and work to address market access challenges continues. Winter crop sowing is occurring in early areas and extensive summer rains in many parts of the Australian grain belt hint at potential for strong crop production, making the pulse market update an important consideration. Follow through to our GIMAF Update March 2020.
