Uruguay to complete first shipment of barley to China this month: report

Uruguay is expected to ship its first cargo of barley to China this month after first approving the country as a supplier to the...

Uruguay is expected to ship its first cargo of barley to China this month after first approving the country as a supplier to the Chinese market back in February 2019.

Local newspaper El Observador reported that the initial shipment of 35,000 mt is scheduled to depart from the Nueva Palmira port this month.

Ruber Martinez, director at the port operator Corporacion Navios said that this shipment is exceptional as the country does not usually export barley, as it is mostly oriented for consumption in the domestic market.

“I believe that this is a very interesting news as Uruguay has the capacity to produce and export barley as it currently does with wheat. With this initial shipment we can open up new opportunities to export this grain,” he said.

According to the report, the protocol conditions signed by China and Uruguay for this initial barley shipment will be revealed later this month.

The Chinese General Administration of Customs (CGAC) originally approved the import of corn and barley from Uruguay into China two years ago, with the imports subject to GMO regulations in China and can only be imported through “designated ports” and processed by “designated crushers”.

Uruguay is expected to export 100,000 mt of barley in the 2020/21 crop cycle, according to the latest report by the USDA, nearly double the 41,000 mt exported in the previous crop.

Meanwhile, China is expected to import a total of 7 million mt of barley in the current cycle, up from 5.97 million mt in the 2019/20 crop, according to the USDA.

What to read next
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for its PIX Pulp China Net indices as part of its announced annual methodology review process.
The publication of Fastmarkets’ AG-WHE-0004 Wheat 10.5% FOB Australia W APW, AG-WHE-0005 Wheat 9.5% FOB Australia W ASW and AG-BRY-0001 Barley feed barley FOB Australia assessments for February 2 was delayed due to a technical reason. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ MB-SB-0003 Antimony MMTA standard grade II, ddp China, yuan/tonne price assessment for Friday February 30 was delayed because of a reporter error.
Fastmarkets is extending the consultation period for the methodology of MB-LI-0033 lithium hydroxide, battery grade, spot price cif China, Japan & Korea price and MB-LI-0029 lithium carbonate, battery grade, spot prices cif China, Japan & Korea price.