The European Union voted to postpone its import duties on feed wheat and barley in a shift that could open the door for Australian imports.EU officials standard plans put forward by the Commission previous week to postpone the EUR12-a-ton duty on feed wheat and EUR16-a-ton duty on feed barley from next week until June 30.The zero tariffs will apply to around half the EU's yearly tariff-rate quota of 2,989,240 tons of low down- and medium-quality wheat and 306,214tons of feed barley.
The issue has gained additional traction because Spanish buyers are eager to import Australian feed wheat for the livestock industry as quick exports from the U.K., their traditional supplier, have enforced them to look elsewhere. But observer said the removal of the tariff is probably to have limited effects. Given the elevated transportation costs, the low down quality of these feeding cereals, and the fact that China captures most of the Australian availabilities, the impact of these imports on the European market should be restricted.
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