Australia's milling sector consolidates

Per capita wheat consumption in Australia is stable and the population is stable, but the country's highly concentrated flour milling sector is still investing to keep its plants efficient, eco-friendly and state-of-the-art. The International Grains Council (IGC), in its Grain Market Report of 23 June, put Australia's 2022-23 wheat production at 30.6 million tonnes, up from the previous estimate made the previous month of 29 .9 million. The previous year's crop was 36.6 million tons. the country's wheat exports remain unchanged from both previous estimates and the previous year's level. In an annual report on the grain sector, dated April 25, the USDA attaché said that “domestic consumption for flour milling is expected to remain unchanged from recent years at 3.5 million tons in business year 2022- 23”. “Consumption of wheat for flour has typically only increased with population growth, which is expected to remain relatively stable in the short term,” added a US expert. The ...