Australia updates wheat export results for MY 2024/25: Shipments rise to 23.5 mln tons

in Western Australia limited export capacity. Bulk shipments accounted for 21.64 mln t, while containerised exports reached 2.4 mln t. In the boxed segment, the largest buyers were Thailand (329 kt), Malaysia (300 kt), and Indonesia (264 kt). In bulk, the top markets included Indonesia (3.96 mln t), the Philippines (3.21 mln t), and China (1.48 mln t). Compared with MY 2023/24, Australia’s wheat exports declined, largely due to reduced demand from China, which had been the biggest buyer a year earlier. Meanwhile, the current harvest is roughly 30% complete, with ABARES’ September forecast projecting a 2024/25 wheat crop of 33.77 mln t. Lachstock Consulting, as of October 30, expects further growth ahead: production in MY 2025/26 could rise to 36.83 mln t, with exports potentially reaching 24.59 mln t. This would allow Australia to maintain strong positions across Southeast Asian markets. The upcoming November USDA WASDE report is expected to update global balances. USDA’s ...