Victorian almond farmer Neale Bennett has plenty to smile about at the moment after US President Donald Trump’s trade war with China sent prices rocketing to the highest in a decade.
Beijing’s punitive tariffs slapped on the US – and more specifically Californian almond producers – has allowed Bennett and other farmers to start charging China huge premiums for their produce.
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Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com