Australia: Grain throughput at Port of Melbourne hits record highs

Published 2024년 8월 7일

Tridge summary

The Port of Melbourne has set a new record for grain exports in the 2023-24 financial year, with a 36% increase compared to the previous year, reaching 3.37 million tonnes. This surge is largely due to a 77% rise in exports to China following the removal of tariffs on Australian barley. The port also saw solid sales to south-east Asian countries, Japan, and New Zealand. Grain made up 30% of the port's exports, with wheat being the most exported commodity at 19%. This is nearly five times the amount exported in the 2018-19 season, a drought year, and surpasses the previous record set in FY23 by 5%.

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Original content

The Port of Melbourne has announced record high grain exports for the financial year of 2023-24, cementing its status as one of the nation's premier grain container ports. Wayne Murphy, Port of Melbourne business development manager, told the Australian Grains Industry Conference in Melbourne last week the port had exported 3.37 million tonnes of grain last financial year. Overall, grain exports were up 36 per cent year on year. He said strong growth in demand out of China, with exports there up 77 per cent on the back of the lifting of the tariff on Australian barley, had been one of the catalysts for the growth, but added there had also been solid sales to south-east Asia, including Vietnam, Malaysia and Indonesia along with Japan and New Zealand. Overall, grain accounted for 30pc of the exports out of the port. In terms of grain commodities, wheat was the leader, with 19pc of the exports, which translates to a whopping 42,000 TEUs (twenty foot equivalent containers). Barley was ...

Source: Farmweekly