China has suspended the import of Australian barley, wine and other agricultural products
Foreign news sources were quoted as saying that China has issued a notice to suspend the import of at least seven types of goods originating in Australia, including barley and wine.
China has asked for a moratorium on Australian imports, including barley, wine, sugar, timber, coal, lobster, copper and other commodities, the source said. It is reported that the Beijing government has asked the relevant measures to be implemented from Friday (6th), and at least one customs clearance company has suspended the customs clearance of related goods from today.
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The latest spot quotation of Palm Oil where will China's Palm Oil go?
In early 2020, positive fundamentals shaped the palm oil market. At that time, global demand for palm oil was on the rise, and consumption was growing more than twice as fast as production. The consumption of palm oil in 201920 is expected to be 3.2 million tons more than the output, and the gap between supply and demand can only be reduced.
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The agricultural chemical giant Bayer has made a huge loss in setting aside 84.3 billion for Monsanto, a seed company.
German chemical giant Bayer announced its third-quarter results, showing that the group paid a heavy price for the acquisition of American seed supplier Monsanto, resulting in a quarterly loss of 9.4 billion euros (HK $85.764 billion) before tax and interest, and a net loss of 2.7 billion euros during the period.
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