AGIC 2018: Asian wheat demand is forecast to grow by 20 million tonnes over the next 20 years, and Australia needs to increase its production to compete against attractively priced Black Sea and Argentine wheat exports of improving quality and increasing value.
Latest export figures from the Australian Bureau of Statistics have shown The Philippines was Australia’s largest bulk wheat market in May, taking 306,483 tonnes for the month to place it well ahead of Indonesia in volume terms.
Australia exported 3.58 million tonnes of wheat in January-March 2018, according to the latest Australian Bureau of Statistics export data, with Indonesia on 531,173t being the biggest bulk market and Vietnam on 122,008t being the largest boxed market.
Indonesia was the major destination for Australian wheat exported in bulk in the second of 2017, taking 1.74 million tonnes (Mt) out of a total of 6.63Mt shipped throughout the July-December period.
Myanmar was Australia’s major containerised wheat market in the second half of 2017, according to export data released by the Australian Bureau of Statistics (ABS).
The humble Vietnamese baguette, bánh mì, is a key driver of Australian wheat exports to Vietnam, which has grown over the past decade to become Australia’s second largest wheat market.
Market news snapshots from Grain Central commodities editor Henry Wells: Saudi to buy another 1.5 million tonnes of barley;
Turkey suspends chickpea import tariff until July 1; Pakistan trade calls for deferral of pulse shipments; A ‘listening’ approach to China’s food security