Australia’s wheat exports fall 19% in February
Australia exported 2.11 million tonnes of wheat in February 2026, down 19% from January after a strong start. Southeast Asia remained a key market, led by the Philippines and Indonesia. Global supply stays ample, capping prices, while Middle East tensions risk disrupting shipments and adding uncertainty to near-term trade flows.
In February 2026, Australia exported 2.11 million tonnes of wheat, including durum, down 19% from 2.6 million tonnes in January, according to data from the Australian Bureau of Statistics. The decline follows a strong start to the year, when export volumes remained elevated.
In the container segment, the largest importers were Thailand (36.5kt), Malaysia (28.8kt), and Indonesia (25.1kt). In bulk shipments, the Philippines led with 385.9kt, followed by Indonesia (347.8kt) and Iraq (166.6kt), while Yemen imported 161.9kt.
Analysts note that geopolitical tensions in the Middle East, particularly involving Iran, could further disrupt exports in March. Shipments to Iraq, Kuwait, and potentially Oman may face difficulties discharging cargoes in or near the Persian Gulf.
According to Lachstock Consulting, the global wheat market remains well supplied, with strong competition from Argentina and Russia continuing to cap price gains. Meanwhile, Canada and the EU are largely defending market share rather than driving price direction, while recent strength in US futures has been linked more to weather risks and technical factors.
Within Australia, exports remain concentrated in Western Australia and South Australia, which continue to be competitive into Southeast Asian markets. These regions account for the bulk of shipments, supporting the country’s position as a key global wheat exporter.
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Source : Ukr Agro Consult
