Tridge summary
The article discusses the trade data for Australian wheat from October 2023 to September 2024, revealing China as the largest buyer with a 19% share, followed by Indonesia, Philippines, Yemen, and Japan, which together account for 61% of Australian wheat trade. The article highlights the diversification of wheat export markets, with China making up a much smaller portion of the market compared to barley, yet still being a significant player. The article also touches on concerns regarding reliance on key import nations for export commodities but suggests that the diversification of wheat export markets is a positive aspect.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The data is now out for the period October 2023 to September 2024, so pretty much the marketing year for last year's harvest. We have written about the return of China in relation to barley, with most of our trade being directed there. We heavily rely on Europe for our oilseed trade in canola, but wheat is a slightly different story. The market for wheat is much bigger, with a higher number of significant buyers of wheat, and this is reflected in our trade. Chart 1 shows the first 20 nations that purchased Australian wheat during the period of October 2023 and September 2024. These buyers account for the vast majority of our trade. The biggest buyer is China, with 19pc of the trade. This is significantly lower than the 75pc of our barley. The top five wheat buyers, China, Indonesia, Philippines, Yemen ...
Source: Farmweekly
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