Australian wheat exports up 19% in July, led by Indonesia and Yemen

The country’s wheat export in July reached 1.5 million tonnes, 44% lower than the amount moved out of the country during the corresponding period a year earlier. But it still pushed total exports since the start of 2023-24 marketing year in October 2023 to 17.6 million tonnes. The current estimate for export in 2023-24 was 22.465 million tonnes, according to the September report from ABARES. Indonesia was the leading destination in July, increasing its imports almost threefold to 281,927 tonnes, followed by Yemen, whose take went up nearly four times to 219,340 tonnes. Philippines imports dropped by 22% to 209,034 tonnes, South African purchases rose by 5% to 114,183 tonnes, and South Korean imports also went down by 26% to 111,573 tonnes. Imports into the main Australian importer, China, in July were the lowest since February 2021 and totaled only 4,248 tonnes, with current demand remaining low amid an active purchasing program run by China in previous months. Barley exports ...