Chinese imports of Australian barley are continuing to filter through despite Beijing’s hefty tariffs on shipments, a move that could push up beer prices in the world’s largest consumer of the beverage.
A cargo of Australian barley has docked at a Dalian port and is set to be unloaded. The first such delivery after China imposed a more-than 80% anti-dumping and anti-subsidy tariff on the product. At least three more vessels carrying the commodity are also on course for China, data show.
China is continuing with purchases from its key trading partner because Australian barley is seen as being the best in quality among its suppliers, said Ma Wenfeng, an analyst with Beijing Orient Agribusiness Consultant Co.
“Despite the high tariffs, some Chinese buyers have to take these shipments as beer makers prefer Australian barley, which is high quality and gives good taste,” Ma said. “These high-end brands can simply pass the cost to downstream consumers.”