Interesting to hear. And not only that but the shear quantity of feed required for animals, with the rising meat consumption in China. A huge consideration.
Australia's barley is also very well supported into China. In fact most of the barley crop this year is going into China (as opposed to Saudi Arabia) where FAQ-spec quality will be malted, as opposed to the higher quality varieties that are demanded by the likes of Japan and Europe. Most of our canola will end up in China this season too. Such an important end user in the modern agricultural loop.
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How low can wheat go?, page-45
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