Australian wheat harvest booming

Australian wheat suppliers – who experienced a booming harvest in the past months – are now busy exporting to satisfy the global demand. Moreover, as the harvest in the main Black Sea region was not as good as in previous years, Australia also has recorded a historically lower-price than the competitor countries.

However, Australia might have to confront a risk on the privileged position as a top wheat exporting country due to the low availability of containers and the recent strong AUD against USD.