China has raised its import quota on Australian wool in 2022

Australia has born a good deal of the retaliation against the US from China related to various stresses and strains between the two. Australia is easier to kick than the US.

The Chinese Commerce Ministry has announced a boost in the import quota on Australian wool for the coming new year. That for New Zealand remains unchanged.

Perhaps its a positive sign, perhaps it is not. But its not negative.

AUD/USD took a wee dip earlier, has inched back to little changed:

aud china chart 29 December 2021

Import quota raised from approx. 38.3K tonnes to 40.2K tonnes

LEAVE A COMMENT

Your email address will not be published. Required fields are marked *