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Australia exports 1.16Mt wheat in October

Source GRAIN CENTRAL

Posted on December 11, 2024

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AUSTRALIA exported 1,156,484 tonnes of wheat and durum in October, according to the latest data from the Australian Bureau of Statistics.

The figure is up 20 percent from 961,717t shipped in September, but down 18pc from 1,405,885t shipped in October 2023.

In containerised exports for October 2024, Thailand on 28,746t followed by Vietnam on 28,097t, and Taiwan on 21,897t were the three major markets.

In bulk sales, Indonesia on 252,541t was the largest market by far, followed by The Philippines on 218,314t and South Korea on 143,000t.

Two Middle East destinations, Bahrain and Kuwait, which normally import Northern Hemisphere in October, have appeared as buying bulk cargoes in the latest data.

In Lachstock Consulting monthly wheat supply-and-demand report released yesterday, global competition for supply was said to be slowing as Russia’s export pace starts to wane, and the Russian export tax lifting by 30pc this week to close to U$50/t.

“This is not totally unexpected with the export pace in recent months as the Russian Ag ministry tries to slow shipments, but will give confidence to the global market that Russia is finally going to tap out on plugging the global wheat consumer with supply,” the report said.

Overnight, USDA issued its World Agricultural Supply and Demand Estimates, with Australia’s wheat production at 32 million tonnes (Mt), and exports at 25Mt unchanged from the November figures.

On major wheat exporters, USDA has cut its forecast for both Russian and EU wheat exports by 1Mt each to 47Mt and 29Mt respectively, but added 500,000t to Ukraine, now at 16.5Mt.

On the import side, USDA’s biggest change has been a 500,000t reduction to projected Chinese wheat imports, now seen at 11Mt.

New-crop shipments of Australian bulk wheat are expected to rise sharply in November, particularly out of Western Australian ports, while Queensland terminals and two at Newcastle in the northern half of New South Wales concentrate on shipping chickpeas in these early months.

BOXED	Aug	Sep	Oct	Tonnes
China	7717	6009	6445	20171
Fiji	0	0	299	299
India	4531	5085	2203	11818
Indonesia	8302	18010	19845	46157
Japan	0	496	504	1000
Malaysia	31383	21504	15443	68330
Myanmar	550	0	0	550
New Caledonia	1734	1441	2221	5396
New Zealand	3777	3858	3970	11605
Papua New Guinea	1192	1418	481	3091
Philippines	11156	13669	13034	37859
Saudi Arabia	0	983	512	1495
Singapore	763	2342	294	3399
Solomon Islands	2144	1490	1502	5136
South Africa	55000	0	0	55000
South Korea	2038	2362	400	4800
Sri Lanka	130	0	125	255
Taiwan	20638	16792	21897	59327
Tanzania	0	600	0	600
Thailand	33599	31104	28746	93450
UAE	238	381	508	1127
UK	829	1300	1501	3630
Vietnam	24220	37385	28097	89702
DURUM
China	2244	0	700	2944
South Korea	0	10	0	10
TOTAL	212185	166240	148726	527151

Table 1: Australian containerised wheat and durum exports for August, September and October 2024. Source: ABS. NOTE: This table excludes 1,778,510t of wheat to Nepal, believed to be a coding error.

BULK	Aug	Sep	Oct	Tonnes
Bahrain	0	0	27334	27334
Bangladesh	0	0	176	176
Fiji	0	27000	12000	39000
Indonesia	222498	142505	252541	617544
Japan	88228	80368	66682	235277
Kuwait	0	0	38021	38021
Malawi	0	19800	0	19800
Malaysia	41500	65750	27500	134750
Mauritius	28350	0	0	28350
Mozambique	0	39600	0	39600
Myanmar	29012	28253	4076	61340
New Zealand	23700	59570	20950	104220
Oman	30600	0	0	30600
Papua New Guinea	0	29700	0	29700
Philippines	245012	133730	218314	597056
Singapore	22000	0	20900	42900
South Korea	71500	41800	143000	256300
Thailand	33418	58605	0	92023
UAE	477	246	32945	33668
Vietnam	47840	68528	92224	208592
Yemen	104690	23	50091	154804
DURUM
Japan	600	0	0	600
Thailand	0	0	1003	1003
TOTAL	989425	795477	1007758	2792660

Table 2: Australian bulk wheat and durum exports for August, September and October 2024. Source: ABS

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Source : Grain Central