Australia repeats record year of grain exports

The 2022-23 crop year in Australia concluded at the end of September, and the final pieces of the season’s record grain export program were revealed last Thursday when the Australian Bureau of Statistics released the nation’s September export data. Concentrating on the four key commodities of wheat, barley, canola and sorghum, Australia’s total exports for the 12 months came in at a record 47.81 million tonnes (Mt), with barley the only one not setting a new seasonal export record. This is a massive 10.6 percent higher than the previous record of 43.22Mt, set just a year earlier. In fact, the past three seasons have each set new export benchmarks, a result of three consecutive years of phenomenal La Niña-assisted production in the “land down under”. It also demonstrates the extraordinary increase in Australia’s export capacity and logistics efficiency over those three seasons. Western Australia was the biggest exporting state with 20.92Mt, or 43.8pc of the nation’s grain ...