Australia’s Commodities Sector Is Nervously Watching China
- Halt to CBH barley cargoes comes after wine and meat targeted
- Items still hitting a small portion of total commodities trade
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Australia’s commodities industry is nervously watching its biggest trading partner, China, after the Asian behemoth slapped more import restrictions on its agricultural products.
In the latest move, the world’s largest consumer of agricultural goods suspended shipments from CBH Grain Pty in Western Australia because harmful weeds were found in the cargoes, according to a statement from Chinese customs. CBH said Tuesday its exports to China met all requirements and it will work with the government to challenge the decision.