On-the-Ground Updates

Australian Wheat Grade Spread Closes as Harvest Progresses in W50

Wheat

Australia

Sustainability & Environmental Impact

Market & Price Trends

Sean Flanery

Published Dec 14, 2022

For W50, the grain market in Australia has been inconsistent thus far. Deliveries to Port Kembla (PKE) for canola dropped to USD 480/MT from USD 486.10/MT (W49's price) following the weaker international market. As for the lower grade, protein wheat prices increased by up to USD 6.30/MT. Higher protein grade prices have not seen the same market demand, with an increase of just USD 3.08/MT for H2. It is largely a result of major exporters over-committing earlier in the season when the market thought we would be overrun with feed wheat due to the unusually high rainfall events. Now the market is bidding against itself to procure stock to meet its commitments. To this end, we are witnessing a tightening of the grade spreads as harvest progresses.

Grade Price (Delivered Port Kembla) Weekly change
H2 USD 285/MT +USD 3.08 WoW
APW1 USD 278/MT +USD 6.30 WoW
AGP1 USD 252/MT +USD 6.17 WoW

What to read next

On-the-Ground Updates

Frosty Weather in Poland Disrupts Apple Orchards, Prices Set to Rise in 2024

Theodoros Damvakaris · Apr 25, 2024

On-the-Ground Updates

Price of Fresh Cuttlefish Surged 9.1% WoW in the Italian Market Due to an Abundant Supply

Giselle Landaeta · Apr 24, 2024

On-the-Ground Updates

Egypt's Fresh Garlic Prices Soared by 40% MoM in Apr-24 Amid Inflation and Currency Changes

Emad Kader · Apr 24, 2024

On-the-Ground Updates

Stable Bread Prices in Egypt Despite 10% MoM Drop in White Wheat Prices

Emad Kader · Apr 24, 2024

On-the-Ground Updates

Early Greek Bostana Watermelon Exports Begin Amidst Chilly European Weather

Theodoros Damvakaris · Apr 22, 2024

Read more relevant content

Grapes are beginning to sprout in Spain, but there is concern about drought and frost

PEefeagro · Apr 27, 2024

Chile: Easter Island is the first area in the world free of bee diseases

MXfruit · Apr 26, 2024

Bolivia and Argentina, main markets for Paraguayan Brahmin genetics

Productivacm · Apr 26, 2024

THE USDA predicted lower Chinese purchases of beef, but for now it is not happening: Business grew 22% in the first quarter, although with lower prices

Agromeat · Apr 27, 2024

The European Parliament approves a review of the common agricultural policy

Chacra Magazine · Apr 26, 2024

Zambia authorizes import of Brazilian corn to alleviate food crisis

CanalRural · Apr 26, 2024

INAC activated promotion in supermarket chain in China

Agromeat · Apr 27, 2024

Denmark to fund feed additive that limits methane emissions from dairy cows

Agropopular · Apr 26, 2024

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.