Markets

Australian Mar wheat exports at 2.3Mt down 12pc

Liz Wells, May 14, 2021

AUSTRALIA exported 2,313,751 tonnes of wheat in March, down 12 per cent from 2,624,651t shipped in February, according to the latest export data from the Australian Bureau of Statistics (ABS).

In bulk shipments, Indonesia on 360,395t, Vietnam on 349,062t and China on 185,250t were the major destinations, while in the containerised market, Malaysia on 67,676t, Vietnam on 48,846t and 21,819t were the volume buyers.

Australia’s first sizeable durum export program has also continued, with March shipments of 33,018t comprised mainly of a single bulk cargo to Italy.

In its latest monthly wheat supply-and-demand report released May 3, Lachstock Consulting  has increased its estimate for Australia’s 2020-21 exports to 22.6 million tonnes (Mt), up 225,000t from the April figure.

“Given the amount of business rumoured to be done already, we may see this push slightly higher in the coming weeks,” the report said.

“This has come entirely out of carry-out, taking ending stocks down to 3.2Mt for 2020-21.

“It’s amazing how well logistics have performed to tighten down the balance sheet this year. ”

In the first quarter of 2021, ABS data shows Australia has shipped 7.3Mt of wheat.

DURUM Jan Feb Mar Tonnes
Fiji 490 0 0 490
Italy 0 82375 32610 114985
Malaysia 0 2 0 2
Nigeria 0 14300 0 14300
Philippines 400 0 400 800
Taiwan 0 0 8 8
Thailand 0 0 0 0
TOTAL 890 96677 33018 130584

Table 1: Australian durum exports in January, February and March 2021. Source: ABS

BOXED Jan Feb Mar Tonnes
China 21714 4027 8969 34711
Egypt 1015 1655 2013 4682
Fiji 290 248 246 784
French Polynesia 0 0 124 124
Indonesia 87917 34293 16653 138864
Japan 0 1571 2670 4241
Kuwait 0 38954 0 38954
Laos 0 0 501 501
Malaysia 24598 35935 67676 128209
Myanmar 23716 10475 4769 38961
New Caledonia 3045 2162 4518 9725
New Zealand 2568 2064 4569 9201
Papua New Guinea 404 602 1307 2313
Philippines 3914 1910 4821 10646
Saudi Arabia 638 262 1019 1919
Singapore 573 500 1489 2562
Solomon Islands 980 875 2066 3921
South Korea 502 2146 2487 5135
Taiwan 16944 19623 21819 58385
Tanzania 303 0 0 303
Thailand 21248 19494 20093 60834
UAE 0 21546 0 21546
UK 1449 783 1228 3460
Vietnam 37024 54409 48846 140279
TOTAL 248842 253535 217883 720260

Table 2: Australian containerised wheat exports in January, February and March 2021. Source: ABS

BULK Jan Feb Mar Tonnes
Bangladesh 60500 148169 0 208668
Burundi 0 2962 0 2962
China 144520 0 185250 329770
Egypt 71286 63004 0 134290
Fiji 30001 12100 0 42101
Indonesia 455996 383672 360395 1200063
Italy 0 32000 0 32000
Japan 93720 109643 0 203363
Kenya 44000 44000 97699 185699
Kuwait 45274 47300 0 92574
Madagascar 0 32307 0 32307
Malawi 0 10000 0 10000
Malaysia 89967 81200 93940 265107
Mozambique 0 56484 8000 64484
Myanmar 69934 26649 1000 97582
New Zealand 50286 54312 25307 129905
Nigeria 0 45980 0 45980
Oman 0 499 0 499
Papua New Guinea 30470 16500 26070 73040
Philippines 329199 226611 11865 567674
Qatar 0 20800 0 20800
Rwanda 0 5923 8734 14657
Saudi Arabia 66000 58500 175495 299995
Singapore 0 14450 0 14450
South Africa 0 46482 161400 207882
South Korea 88000 145440 49500 282940
Sri Lanka 0 106700 93165 199865
Sudan 0 9091 144385 153476
Tanzania 0 30605 27888 58493
Thailand 107514 147004 58442 312960
Uganda 0 0 42354 42354
UAE 66779 22000 0 88779
Vietnam 194667 243113 349062 786842
Yemen 113524 30940 142700 287164
TOTAL 2151635 2274439 2062650 6488724

Table 3: Australian bulk wheat exports in January, February and March 2021. Source: ABS

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