Australia’s four key grain exports down 25% on year

Published 2024년 11월 13일

Tridge summary

Australia's grain exports for the 2023-24 marketing season saw a 24.9% decrease, totaling 35.88 million tonnes, due to reduced harvest volumes caused by drought. The main commodities, wheat, barley, canola, and sorghum, all experienced a decline, with wheat and sorghum having the most significant drops. Despite the overall decrease, barley exports increased by 11.7%, largely due to increased demand from China. China was the dominant destination for both wheat and barley, but other countries like Indonesia, The Philippines, Japan, and Mexico also contributed to the exports. Additionally, other grain exports such as lentils, chickpeas, lupins, and oats were made, with China being a notable destination for some of these as well.

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

Original content

Australia’s grain-marketing season concluded at the end of September, and with last week’s release of that month’s export data by the Australian Bureau of Statistics came the twelfth and final chapter of the nation’s 2023-24 grain-export dossier. While analysis of the data reveals a sharp decrease in export volumes compared to the record 2022-23 season, it did not come as a surprise after 2023 harvest volumes were down dramatically year on year due to drought, especially in Western Australia and New South Wales, the nation’s top producing states. Total exports of the top four commodities – wheat, barley, canola, and sorghum – fell 24.9 percent, or 11.88 million tonnes (Mt), to 35.88Mt collectively. The program was behind from the get-go, with shipments in the first quarter of the marketing year falling by 19.1pc compared to the previous corresponding period. Exports in the subsequent three quarters were down 20.7pc, 30.5pc and 30pc respectively. The importance of, and reliance on, ...

Source: UkrAgroConsult