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Wheat Supply and Exports Monthly - August 2010

18 August 2010

AUSTRALIA - Wheat exports in June 2010 decreased to 200,000 tonnes to 1.2 million tonnes, according to the monthly report on wheat stocks, use and exports from ABARE.

Australian wheat stocks and use

It is estimated that around 11 million tonnes of wheat was held in stock in Australia at the start of July 2010, compared with 13 million tonnes at the start of June 2010. Wheat stocks typically fall throughout the year after harvest, reflecting exports and domestic use.

Wheat stored by the bulk grain handlers fell by around 1.3 million tonnes to 9.9 million tonnes at the start of July 2010, after falling by 1.6 million tonnes in the previous month. Wheat stored by the bulk grain handlers comprised around 8.6 million tonnes of milling grade wheat and around 1.2 million tonnes of feed grade wheat, compared with around 9.7 million tonnes and 1.4 million tonnes, respectively, in June 2010.

Around 756,000 tonnes of wheat were estimated to be stored by growers and 532,000 tonnes by wheat users at the start of July 2010.

ABS Wheat Use Survey coverage changed in December 2009. In addition to agricultural and manufacturing businesses, the survey now covers wheat use and stocks of wheat held by dairy operators and wheat growers. As a result, data on opening stocks held by wheat users (from January 2010), domestic wheat use (from December 2009) and wheat committed for domestic use (from December 2009) are not directly comparable to previous data.

Based on the broader coverage of the ABS survey, 484,000 tonnes of wheat were used domestically in June 2010. Wheat committed for domestic use was around 983,000 tonnes in June 2010.

Australian wheat exports

Wheat exports in June 2010 decreased to 1.2 million tonnes, compared with the 1.4 million tonnes in the previous month. It is typical for the volume of wheat exported in any month to fluctuate relative to the previous month. Increases and decreases can be attributed to various factors such as harvest dates in Australia and other exporting countries, world prices, exchange rates and the private selling and buying decisions of wheat exporters and buyers.

Around 3.9 million tonnes of wheat was committed for export in June 2010, compared with around 4.0 million tonnes in the previous month. The volume of wheat committed for export in one month is generally greater than actual exports in the proceeding month.

Bulk shipments decreased by 280,200 tonnes to around 957,700 tonnes in June 2010, compared with 1.2 million tonnes shipped in May. Wheat shipped in bags and containers increased slightly by around 2800 tonnes to 207,000 tonnes over the same period.

The largest markets for bulk wheat exports in June 2010 were Indonesia, Egypt and Japan.

India, Viet Nam and China were the largest markets for wheat exported in bags and containers in June 2010.

Further Reading

- You can view the full report by clicking here.

TheCropSite News Desk



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