Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Craft brewers in China celebrate the return of Australian barley

Published

on

The craft brewing industry is raising a toast to the resurgence of Australian barley imports, heralding a potential cost-saving boon amidst recent economic challenges.

Over the past three years, the burgeoning craft beer sector in China faced multiple setbacks, including the pandemic’s impact on bar attendance and heavy anti-dumping tariffs imposed by the Chinese government in 2020 on Australian barley and wine.

The removal of the barley tariffs in the previous month, following an easing of trade tensions, is expected to lower production costs for brewers across China. This development is particularly welcomed by craft beer brewers who rely on pure malt without additives like broken rice or starch, which had made their products more expensive.

Prior to the tariffs, Australian government data indicates that China consistently purchased between 86% and 91% of Australia’s malting barley exports, occasionally accounting for over half of Chinese malting barley demand.

Miller Meng, brewmaster at Shanghai’s The Brew, expressed optimism about the return of Australian barley, stating, “Australian malt’s return to the market will restore prices to a more reasonable level.” He highlighted the surging prices of alternative malts in the absence of Australian supplies.

With over 13,000 craft beer-related businesses in China, the craft beer industry had been a thriving segment in the world’s largest beer market, worth an estimated $125 billion this year. However, the absence of Australian malting barley forced many Chinese craft brewers to explore alternatives, often at a higher cost due to global supply chain disruptions.

The hope now is that the reintroduction of Australian imports will help stabilize profit margins for craft brewers. Australian malting barley is currently offered at a competitive $350 per metric ton compared to $390 for French barley, with more favorable freight costs from Australia to China. Approximately 300,000 tons of Australian malting barley have already been contracted for sale to China since the tariff removal.

For Australian barley farmers, this revival of the Chinese market is a welcome development, as it restores an essential export channel. The barley that had previously been destined for Chinese beer production had been diverted to other markets at lower prices in recent years. Brewers in China anticipate a resurgence in demand for Australian malting barley over the next two years, signaling a brighter future for the craft beer industry in the country.

Continue Reading

News

COP28: Global effort to phase out fossil fuels

Published

on

World leaders at COP28 have intensified their commitment to combat climate change by embarking on a bold initiative to phase out fossil fuels.

The United Nations climate talks, held in a virtual format due to ongoing pandemic concerns, saw representatives from nearly 200 countries coming together to address the urgent need for action on the climate crisis.

The decision to focus on ending fossil fuel use marks a significant departure from previous climate negotiations.

Countries have traditionally grappled with setting emissions reduction targets, but this year’s conference places a strong emphasis on the need to transition away from the reliance on coal, oil, and natural gas. Experts argue that this shift is critical to limiting global temperature rise and avoiding the most catastrophic effects of climate change.

Key highlights of the COP28 agreement include setting ambitious deadlines for phasing out fossil fuel subsidies, promoting renewable energy sources, and encouraging the development of green technologies.

The conference also established a fund to support developing nations in their transition away from fossil fuels, recognizing that these countries often face the greatest challenges in achieving sustainability.

Continue Reading

News

Russian police raid Moscow gay clubs

Published

on

Russian authorities conducted raids on several gay clubs in Moscow, according to reports from various media outlets.

The raids have sent shockwaves through the LGBTQ+ community and have raised concerns about the ongoing crackdown on LGBTQ+ rights in Russia.

Eyewitnesses and clubgoers describe a heavy police presence during the raids, with officers reportedly detaining patrons and staff members.

The reasons behind these raids remain unclear, but they have ignited a fierce debate on social media and within human rights organizations.

International LGBTQ+ rights advocates are calling on the Russian government to address these actions and protect the rights and safety of LGBTQ+ individuals in the country.

The raids have also drawn attention to Russia’s controversial “gay propaganda” law, which has been criticized for its potential to fuel discrimination and violence against LGBTQ+ people.

Continue Reading

News

UK delays Jeff Zucker’s Telegraph deal for inquiry

Published

on

The UK government has decided to put a hold on the proposed acquisition of The Telegraph newspaper by media mogul Jeff Zucker’s conglomerate.

According to a recent report, this decision has been made in order to conduct further investigations into potential regulatory concerns surrounding the deal.

The move comes amidst growing concerns over media consolidation and its impact on media diversity and competition.

The government aims to ensure that the acquisition would not result in a concentration of media power that could potentially stifle independent journalism and diverse voices in the industry.

This decision has sparked debates about the balance between media ownership and the preservation of media plurality in the UK. Supporters of the deal argue that it could lead to much-needed investments in The Telegraph, while critics worry about the potential for Zucker’s conglomerate to wield too much influence over the media landscape.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company