Australia exports 1.16Mt wheat in October

Published 2024년 12월 12일

Tridge summary

In October, Australia saw a 20% month-over-month increase in wheat and durum exports, reaching 1,156,484 tonnes, despite a 18% year-over-year decrease from October 2023. The main recipients were Thailand, Vietnam, and Taiwan for containerised exports, and Indonesia, The Philippines, and South Korea for bulk sales. The recent USDA reports indicate a decrease in forecasted wheat exports from Russia and the EU, while China's imports are expected to reduce by 500,000t. Australia's new-crop bulk wheat shipments are anticipated to rise significantly in November.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia exported 1,156,484 tonnes of wheat and durum in October, according to the latest data from the Australian Bureau of Statistics. The figure is up 20 percent from 961,717t shipped in September, but down 18pc from 1,405,885t shipped in October 2023. In containerised exports for October 2024, Thailand on 28,746t followed by Vietnam on 28,097t, and Taiwan on 21,897t were the three major markets. In bulk sales, Indonesia on 252,541t was the largest market by far, followed by The Philippines on 218,314t and South Korea on 143,000t. Two Middle East destinations, Bahrain and Kuwait, which normally import Northern Hemisphere in October, have appeared as buying bulk cargoes in the latest data. In Lachstock Consulting monthly wheat supply-and-demand report released yesterday, global competition for supply was said to be slowing as Russia’s export pace starts to wane, and the Russian export tax lifting by 30pc this week to close to U$50/t. “This is not totally unexpected with the ...

Source: UkrAgroConsult