Bar­ley dump­ing al­le­ga­tions cause dis­rup­tion in grain market

Warwick Daily News - South West Queensland Rural Weekly - - News - Lucy Knight and Madeleine Stuch­bery [email protected]­ral­

NO ANTI-DUMP­ING du­ties or tar­iffs have been ap­plied by China to Aus­tralian bar­ley ex­ports in the wake of dump­ing al­le­ga­tions be­ing lev­elled against Aus­tralia.

The Fed­eral Gov­ern­ment in­sists an ap­pli­ca­tion by China’s min­istry of com­merce to in­ves­ti­gate al­le­ga­tions of Aus­tralian bar­ley ex­porters “dump­ing” pro­duce at be­low the cost of pro­duc­tion were made be­fore APEC and should not be seen as un­usual.

And while the gov­ern­ment main­tains it is com­mit­ted to main­tain­ing a re­spect­ful re­la­tion­ship with China amid the in­ves­ti­ga­tion, Trade Min­is­ter Si­mon Birm­ing­ham re­it­er­ated his position that the al­le­ga­tions were “un­sub­stan­ti­ated”.

While po­lit­i­cal in­sid­ers have spec­u­lated the in­ves­ti­ga­tion co­in­cided with Aus­tralia’s joint mil­i­tary pro­gram an­nounce­ment with the US at the re­cent APEC sum­mit in Pa­pua New Guinea, Se­na­tor Birm­ing­ham said it was not un­usual for coun­tries to in­ves­ti­gate dump­ing al­le­ga­tions made by lo­cal busi­nesses or in­dus­try groups.

The im­pact of the an­nounce­ment on the grain market has lev­elled out.

Igrain gen­eral man­ager of strat­egy Dun­can Whit­tle said the market re­acted strongly as news of the al­le­ga­tions broke but re­cov­ered rel­a­tively quickly.

“It did re­act very quickly,” Mr Whit­tle said. “The market dropped be­tween $20 and $30, but come the end of the week it’s pretty well re­cov­ered.”

He said the al­le­ga­tion was not the big­gest prob­lem fac­ing the grains in­dus­try this season: “The big­ger prob­lem is lack of yield.”

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