SYDNEY : Chinese cotton buyers are buying up Australian product in anticipation the unofficial ban that decimated Australian cotton exports to China could lift amid a diplomatic thaw that has already seen trade resume in other sanctioned commodities.Australian cotton is being shipped to a bonded warehouse
SYDNEY : Chinese cotton buyers are buying up Australian product in anticipation the unofficial ban that decimated Australian cotton exports to China could lift amid a diplomatic thaw that has already seen trade resume in other sanctioned commodities.
If the unofficial ban lifts, the cotton can be sold into the lucrative Chinese domestic market, he said. If not, companies in the duty free zones can use the product for re-export. A trader who spoke on condition of anonymity said Australian cotton had been moving into China for months and small shipments had already cleared customs.
China imported 20,000 tonnes of Australian cotton in 2022, compared to 400,000 in 2019, according to Chinese customs data.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian university professor taken hostage in highlands of Papua New GuineaSYDNEY — An Australian university professor has been taken hostage in the highlands of Papua New Guinea, Papua New Guinea's prime minister has confirmed. The Australian man is an archaeologist who works for an Australian university and was accompanied on a field trip by several Papua New Guinean students from a local university who were also taken hostage, two sources...
Read more »
Shark kills Australian tourist in New CaledoniaHe was swimming close to a pontoon around 150m from the beach when the shark attacked. Read more at straitstimes.com.
Read more »
Australian university professor taken hostage in highlands of Papua New GuineaHe was accompanied by several local university students who were also taken hostage. Read more at straitstimes.com.
Read more »
Fast Australian GP predicted as Melbourne gets another DRS zoneMELBOURNE : Organisers are promising the fastest Australian Grand Prix ever after the addition of a fourth DRS zone at the Albert Park circuit for the third round of the Formula One season in early April. The fourth zone - a first for a Formula One circuit - was introduced for last year's race on a newly
Read more »
Sibanye-Stillwater launches takeover offer for Australian zinc miner New CenturyAustralian zinc miner New Century Resources received an unsolicited off-market takeover bid from its largest shareholder, South African gold miner Sibanye-Stillwater, the companies said on Tuesday. The A$1.10 per-share offer valued New Century at A$144.1 million ($99.54 million). Shares of the Australian
Read more »
South African mining giant Sibanye-Stillwater launches takeover bid for Australian zinc miner:Australian zinc miner New Century Resources received an unsolicited off-market takeover bid from its largest shareholder, South Africa's Sibanye-Stillwater, on Tuesday, sending its shares soaring.The A$1.10 per-share offer values New Century at A$144.1 million ($99.54 million), a premium of almost 43 per cen
Read more »