Australia's milling sector consolidates

Published Aug 29, 2022

Tridge summary

Australia's wheat consumption and population remain stable, but flour milling sector is investing to keep plants efficient and eco-friendly. The International Grains Council predicts Australia's wheat production for 2022-23 to be 30.6 million tonnes, up from previous estimate of 29.9 million. Exports remain unchanged. Domestic consumption for flour milling is expected to remain unchanged at 3.5 million tons in business year 2022-23. Flour production is estimated at around 2.1 million tonnes, with about 60% of flour sold for human consumption used by commercial bakers. Millers must use wheat, highlighting the industry's interest in the sustainability and profitability of the Australian wheat industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Per capita wheat consumption in Australia is stable and the population is stable, but the country's highly concentrated flour milling sector is still investing to keep its plants efficient, eco-friendly and state-of-the-art. The International Grains Council (IGC), in its Grain Market Report of 23 June, put Australia's 2022-23 wheat production at 30.6 million tonnes, up from the previous estimate made the previous month of 29 .9 million. The previous year's crop was 36.6 million tons. the country's wheat exports remain unchanged from both previous estimates and the previous year's level. In an annual report on the grain sector, dated April 25, the USDA attaché said that “domestic consumption for flour milling is expected to remain unchanged from recent years at 3.5 million tons in business year 2022- 23”. “Consumption of wheat for flour has typically only increased with population growth, which is expected to remain relatively stable in the short term,” added a US expert. The ...

Source: Agrolink