Markets

Australia exports 2.17Mt wheat in Aug, up 13pc from July

Liz Wells, October 13, 2021

A cargo of wheat bound for Saudi Arabia loads in August at Emerald Grain’s Melbourne terminal.

AUSTRALIA exported, 2,177,873 tonnes of wheat including durum in August, up 13 per cent from the 1,930,459t shipped in July, according to the latest data from the Australian Bureau of Statistics (ABS).

In the bulk market, Vietnam on 367,292t, The Philippines on 302,843t and Indonesia on 213,901t were the three biggest markets for August shipment, which totalled 1,925,707t (Table 2).

Containerised sales for August (Table 1) totalled 222,166t, with Vietnam on 68,840t, Indonesia on 39,198t and Malaysia on 34,608t the largest markets.

AAAX general manager marketing and trading James Foulsham said the surge in shipping in August could well be a sign of what is to come for the 2021-22 harvest.

“Normally at this time of year, South-east Asia switches a significant proportion of its demand away from Australia to Black Sea, which is normally a lot cheaper as they are coming out of harvest,” Mr Foulsham said.

“However, because of the Russian export tax, Black Sea FOB prices are unusually high this season relative to Australian.

“When you also include the high freight rates we are currently seeing, Australian prices have been more competitive for a longer period so Australian has maintained its dominant position into the Asian markets.

Mr Foulsham said this trend was likely to continue into new crop.

“In addition to this, Australia is starting to see demand from markets or grades that we don’t normally service, for example millers in Asia have had a preference for high protein Canadian CWRS in recent years, but with the drought in Canada they will have to buy more APH and AH from Australia this season.”

BOXED June July August Tonnes
China 5381 7288 13469 26138
Egypt 0 0 375 375
French Polynesia 0 124 0 124
Indonesia 23416 14176 39198 76790
Laos 510 497 0 1007
Malaysia 15748 46957 34608 97313
Myanmar 513 25852 2498 28864
New Caledonia 2685 747 2943 6375
New Zealand 4028 4204 6580 14812
Papua New Guinea 281 402 303 987
Philippines 8296 9836 8573 26704
Saudi Arabia 411 0 0 411
Singapore 1009 2003 3991 7003
Solomon Islands 1161 0 2113 3274
South Korea 477 511 1303 2292
Taiwan 16032 23350 19703 59085
Thailand 8277 74422 16832 99531
UK 685 0 453 1138
Vietnam 27977 54711 68840 151527
DURUM
Egypt 0 0 375 375
Malaysia 0 0 9 9
Taiwan 0 8 0 8
Thailand 0 500 0 500
TOTAL 116888 265588 222166 604643

Table 1: Australian containerised wheat exports for June, July and August 2021. Source: ABS

BULK June July August Tonnes
Bahrain 27500 0 0 27500
China 229951 255401 127900 613252
Egypt 0 61900 61900
Fiji 0 43256 0 43256
Indonesia 766798 656623 213901 1637322
Japan 156419 74469 181306 412195
Kenya 12800 23725 0 36525
Kuwait 0 80683 0 80683
Malawi 45800 0 0 45800
Malaysia 46275 22000 92525 160800
Mozambique 40000 0 0 40000
Myanmar 0 0 52911 52911
New Zealand 81604 49770 23158 154532
Papua New Guinea 0 16500 24200 40700
Philippines 308740 136402 302843 747985
Saudi Arabia 0 0 57400 57400
Singapore 0 14308 0 14308
South Africa 108683 0 0 108683
South Korea 163202 74760 124548 362509
Sri Lanka 130074 0 132000 262074
Tanzania 0 9525 9525
Thailand 60758 0 500 61259
Uganda 9200 8750 0 17950
UAE 27500 0 0 27500
Vietnam 318222 90371 367292 775885
Yemen 79256 108328 107000 294584
Zambia 4000 0 0 4000
DURUM
Italy 32141 0 56322 88463
TOTAL 2648924 1664871 1925707 6239502

Table 2: Australian bulk wheat exports for June, July and August 2021. Source: ABS

 

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