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December 2010 Australian Wheat Supply and Exports Report

17 December 2010
The Australian Bureau of Agricultural and Resource Economics and Sciences

Australian wheat stocks and use are estimated that around 4.0 million tonnes of wheat that was held in stock in Australia at the start of November 2010, compared with 5.8 million tonnes at the start of October 2010, according to an Australian Government Report.

Wheat stocks typically fall throughout the year after harvest, reflecting exports and domestic use (see figure 1). Wheat stored by the bulk grain handlers fell by around 1.7 million tonnes to 3.4 million tonnes at the start of November 2010, after falling by 1.6 million tonnes in the previous month.

Wheat stored by the bulk grain handlers comprised around 3.1 million tonnes of milling grade wheat and around 374 000 tonnes of feed grade wheat, compared with around 4.5 million tonnes and 585 000 tonnes, respectively, in October 2010.

Around 194 000 tonnes of wheat were estimated to be stored by growers and around 331 000 tonnes by wheat users at the start of November 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, 477 000 tonnes of wheat were used domestically in October 2010. Wheat committed for domestic use was around 1.1 million tonnes in October 2010.

Australian Wheat Exports

The volume of wheat exported in October 2010 rose by 343 000 tonnes to around 1.7 million tonnes (see figure 2). 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 4.0 million tonnes of wheat were committed for export in October 2010, compared with around 4.3 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 rose by 358 000 tonnes to around 1.5 million tonnes in October 2010. The largest markets for bulk wheat exports in October 2010 were Indonesia, Bangladesh, Vietnam and Sudan. Wheat shipped in bags and containers fell by around 15 000 tonnes to around 201 000 tonnes in the same month. Vietnam, Chinese Taipei, Malaysia and Indonesia were the largest markets for wheat shipped in bags and containers.

 

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