CURRENT strict lockdowns in many major cities in China – as the country tries to eradicate the spread of COVID-19 – are not only affecting its local citizens, but also having flow-on impacts on trading partners, including Australia, according to agribusiness banking specialist Rabobank.
Speaking in a recently-recorded podcast, What's the Impact of China's Lockdown Wave?, RaboResearch Australia and New Zealand general manager, Stefan Vogel said in particular, there are four specific impacts of the lockdowns that will have ramifications for Australian agribusiness – disruptions to freight logistics, Chinese corn plantings, dairy demand, and hog pricing.