Australia July wheat exports at 2.6Mt down 4pc from June

Australia exported 2,589,743 tonnes of wheat in July, down 4 per cent from the June figure of 2,710,537t, according to the latest data from the Australian Bureau of Statistics (ABS).

In containerised exports, Taiwan on 41,793t followed by Vietnam on 39,948t and Thailand on 27,586t were the biggest markets.

In the bulk market, China was the destination for 687,468t, once again making it Australia’s biggest bulk market by far.

Next on bulk volume was Indonesia on 373,416t followed by The Philippines on 303,817t.

A contraction in bulk destinations was seen in July compared with June, down from 30 homes to 18.

By contrast, volumes to the three biggest bulk destinations increased, China by 4pc, Indonesia 48pc and The Philippines 37pc.

This reflects their building up of stocks ahead of Northern Hemisphere new crop, and concerns around the Black Sea export corridor being slower than normal to get wheat out to Asian markets.

Table 1: Containerised Australian wheat and durum exports for May, June and July 2022. Source: ABS

Table 2: Bulk Australian wheat and durum exports for May, June and July 2022. Source: ABS

Tags: bulk, Australia, China, export, Vietnam, wheat, Thailand, Taiwan, markets