Farmers in Argentina are pouncing on a trade feud between grain rival Australia and voracious crop buyer China.
Argentine growers are set to expand barley plantings by 28% this year after China slapped tariffs on Australian exports of the grain used in livestock feed, one of a slew of similar restrictions imposed by Beijing amid souring relations.
Farmers on Argentina’s Pampas crop belt usually compete with Australia for a share of global wheat sales while sending their barley to camel herds in Saudi Arabia and other parts of the Middle East. But the diplomatic upheaval — coming amid rising concern among Argentine farmers that the government may raise wheat-export taxes — has opened a door to ally China.
JOIN OUR FREE NEWSLETTER
Remain an expert and save time ? Take few seconds to complete the registration form. Click here !