Australia crop trade shifts focus after record December
Barley
Published Feb 15, 2023
Tridge summary
Australia exported record-high supplies of all three of its major crops — wheat, canola and barley — in December following a bumper harvest, but early line-up data show that wheat and canola shipments could outpace barley in the coming months. Wheat and canola exports made up 88pc of Australia’s 4mn t monthly agricultural export capacity […]
Original content
Australia exported record-high supplies of all three of its major crops — wheat, canola and barley — in December following a bumper harvest, but early line-up data show that wheat and canola shipments could outpace barley in the coming months. Wheat and canola exports made up 88pc of Australia’s 4mn t monthly agricultural export capacity in December, latest customs data show. Australia’s December wheat exports reached 2.7mn t, up by over a fifth on the year and a record for the month. China drove demand for Australian wheat, with trade between the two countries in December up by 150,000t on the year. China accounted for 860,000t, or just under a third, of Australia’s December shipments. And demand could remain high as China looks for opportunities to rebuild its wheat reserves at advantageous market prices. The country’s own domestic crop is dwindling, with local Chinese wheat prices reaching the highest premium to corn for the past three years. Australian exports to other key ...
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