Markets

Australia exports 450,189t wheat in September: ABS

Liz Wells, November 13, 2020

The Australian wheat harvest is now in full swing, and exporters shipped the last old-crop tonnages in September. Photo: CBH Group

AUSTRALIA exported 450,189 tonnes of wheat in September, up 19 per cent from 378,222t shipped in August, according to the latest export data from the Australian Bureau of Statistics (ABS).

Japan on 62,848t was the biggest market for total September wheat shipments, just ahead of Papua New Guinea on 62,799t, followed by South Korea on 47,296t.

In the containerised market, Fiji on 14,314t, The Philippines on 8285t and Thailand on 7970t were the three biggest customers for September.

“September wheat exports mark the end of the 2019-20 season program, and are slightly higher than July and August,” Market Check head of strategy Nick Crundall said.

Mr Crundall said it was not uncommon for September to record a higher volume export month than August, given bulk handlers and exporters are keen to shift remaining old-crop supplies.

“That’s often ahead of a looming inverse, when old-crop prices are higher than the new-crop price, which incentivises them to be a bit more aggressive in executing sales.”

September exports also allow bulk handlers to clean out storages ahead of harvest.

“On the flip side, some of the importers who were buying Aussie wheat this year are pretty inelastic, and September is really the last month to get much Aussie offered before you need to wait until new-crop comes online, so that element also plays into the higher volume.”

BOXED July August September Tonnes
China 3215 976 1314 5505
Egypt 0 500 5774 6274
Fiji 1087 463 14314 15864
French Polynesia 125 122 124 371
Indonesia 1001 1507 0 2508
Malaysia 4532 8199 7766 20497
Myanmar 4562 5501 7766 17829
New Caledonia 2435 2080 1327 5843
New Zealand 4212 4132 5358 13702
Papua New Guinea 25 352 100 477
Philippines 2957 2758 8285 14001
Singapore 1024 0 0 1024
Solomon Islands 2002 1005 1002 4008
South Korea 1001 502 502 2005
Taiwan 3979 1729 1878 7586
Tanzania 0 0 200 200
Thailand 11402 9600 7970 28972
UAE 2069 1029 0 3099
UK 200 500 500 1201
Vietnam 2902 4876 6005 13783
DURUM
Malaysia 2 2 0 4
Singapore 0 0 0 0
UK 607 503 482 1592
TOTAL 49339 46337 70668 166344

Table 1: Australia’s containerised wheat exports for July, August and September 2020. Source: ABS

BULK July August September Tonnes
Bahrain 0 27500 0 27500
Belgium 41 0 0 41
China 0 61715 0 61715
Fiji 0 0 27500 27500
Indonesia 13600 20050 26224 59874
Japan 86164 57701 62848 206714
Kuwait 38840 0 45624 84464
Malaysia 71250 0 25199 96449
Myanmar 490 27995 400 28884
New Zealand 32400 0 22240 54640
Papua New Guinea 33330 0 62699 96029
Philippines 1765 1325 1333 4422
Qatar 21000 0 0 21000
Singapore 0 0 7631 7631
South Korea 58180 112120 46794 217094
Thailand 0 0 3095 3095
UAE 77 5330 0 5407
Vietnam 0 18150 16934 35083
Yemen 31000 0 31000 62000
TOTAL 388137 331885 379521 1099543

Table 2: Australia’s bulk wheat exports for July, August and September 2020. Source: ABS

 

 

 

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