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Wheat Exports Rise With Higher Demand

07 September 2010

AUSTRALIA – Shipments of wheat from Australia will continue at high levels following a jump in July volumes, as supply from drought-affected Black Sea countries continues to dwindle, according to one of Australia's biggest grain exporters.

Bloomberg BusinessWeek reported that monthly volumes could continue around the 1.3 million-tonne mark for at least the next few months, after shipments rose to 1.6 million tonnes in July from 1.2 million tonnes a month earlier.

Mitch Morison, general manager of commodities at AWB, told the news provider that demand for Australian wheat was rising after Russia banned grain exports and other countries such as Ukraine and Kazakhstan saw output sink.

"There is very strong interest for Australian wheat, both to make up for the lost volume in the global trade and supply higher-quality needs," he said.

Last month, Agrimoney.com reported that this summer's droughts had cost Ukraine its hopes of enjoying one of its best grain harvests since the 1980s.
 

TheCropSite News Desk



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