Markets

Australia’s Nov wheat exports up 42pc from Oct

Liz Wells, January 14, 2021

Newcastle Agri Terminal started loading new-crop wheat for export to South-East Asia in late November. Photo: Riverina Australia

AUSTRALIA exported 515,636 tonnes of wheat in November, up 42 per cent from the October total of 361,985t, according to the latest export data from the Australian Bureau of Statistics (ABS).

The surge represents the start of volume new-crop shipments from southern Australia’s bulk and container ports.

Egypt on 20,252t was the major destination for boxed wheat, while on bulk shipments, Indonesia was the biggest customer with 115,515t, followed by The Philippines on 60,715t and Vietnam on 57,220t.

China does not appear as a November bulk customer, but shipping stems indicate it will for December.

“China has imported a large, potentially record volume of wheat during 2020,” Thomas Elder Markets manager commodity market insights Andrew Whitelaw said

“During November, it imported around 800,000, with none of it coming from Australia.

“It is unusual as typically, Australia would be the largest supplier of Chinese imports; is this vacuum during November caused by political intervention, fear from traders, or just a delayed export program?”

Mr Whitelaw said Australian wheat on a global level was extremely competitive.

“This has been caused by our large crop causing a diminished basis versus other origins.

“In recent years Australia has found it an uphill struggle to supply the export market due to our strong domestic basis.

“We have shown ourselves to be a nation of extremes as we bounce back with gusto.”

Mr Whitelaw said Australian wheat would not compete throughout all of South-East Asia for the rest of the marketing year, but will have potential opportunities into Middle Eastern destinations.

“This will especially be the case if the rumours about Russian wheat export taxes come to fruition.”

Australian growers and trade longs are continuing to sell into the export and domestic markets.

“A big positive this year is that we have, especially in export states, a very high price considering our non-drought status.”

BOXED Sep Oct Nov Tonnes
China 1314 2905 5953 10171
Egypt 5774 0 20002 25777
Fiji 14314 320 2400 17035
French Polynesia 124 0 199 323
Indonesia 0 992 2029 3021
Japan 0 22 0 22
Malaysia 7766 3255 13451 24471
Myanmar 7504 6691 1008 15203
New Caledonia 1327 2588 3268 7183
New Zealand 5353 6396 9088 20838
Papua New Guinea 100 1885 0 1985
Philippines 6785 4430 2451 13667
Singapore 0 0 1025 1025
Solomon Islands 1002 0 1002 2004
South Korea 502 2001 0 2503
Sri Lanka 0 0 988 988
Taiwan 1145 4750 2545 8440
Tanzania 200 0 0 200
Thailand 6970 7541 12821 27332
United Kingdom 500 550 0 1051
Vietnam 5506 14581 9939 30027
DURUM
Egypt 0 0 250 250
Malaysia 0 2 2 4
Singapore 0 0 0 0
Taiwan 0 0 5 5
Thailand 262 0 0 262
United Kingdom 482 500 0 982
TOTAL 66932 59409 88428 214768

Table 1: Australian containerised wheat exports for September, October and November 2020. Source: ABS

BULK Sep Oct Nov Tonnes
Bahrain 0 0 26080 26080
Fiji 27500 0 0 27500
Indonesia 25724 30578 115515 171817
Japan 62848 54585 51594 169027
Kuwait 45624 44700 0 90324
Malaysia 25199 1393 429 27021
Myanmar 400 521 0 921
New Zealand 22240 26290 43480 92010
Papua New Guinea 61599 0 26070 87669
Philippines 1123 33185 60715 95023
Singapore 7631 0 0 7631
South Korea 46794 107065 0 153859
Sri Lanka 0 990 1001 1990
Thailand 3095 0 0 3095
UAE 0 80 45106 45186
Vietnam 15345 3190 57220 75755
Yemen 31000 0 0 31000
TOTAL 376123 302576 427208 1105908

Table 2: Australian bulk wheat exports for September, October and November 2020. Source: ABS

 

 

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