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 Wheat near record exports 

Wheat near record exports

06 Jan, 2012 03:00 AM
AUSTRALIAN wheat exports fell just three per cent below record levels for the 2010-11 export year.

There were 18.5 million tonnes of wheat exported last year, according to Wheat Exports Australia, compared to 19.1mt in 1996-7, which is the Australian record.

Bulk exports rose significantly year on year, from 12.1mt in 2009-10 to 16.3mt in 2010-11, however containerised exports dropped from 2.5mt to 2.2mt.

One of the major facts of interest for growers was the number of exporters and buyers.

There were 19 active exporters, moving grain to a whopping 182 bulk buyers and 464 containerised buyers.

These numbers are up markedly in the past three years, with container buyers rising 15pc since 2008-9.

This is in spite of the number of countries buying Australian wheat falling from 42 three years ago to 36 this export year.

The majority of bulk wheat exports again went to Asia with exports to the region increasing by 37pc from 2009/10.

Exports to Africa, including the major market of Sudan, increased by 49pc, while the healing process following the oil for food scandal appears to be working, with the first sales of wheat to Iraq since the Volcker report came out, a highlight of an increase in exports to the Middle East of 21pc.

Although the single desk is gone, key exporters have emerged, with seven major exporters moving over a million tonnes for the export year.

Of the 16.3mt of bulk wheat exported during 2010/11, 8.5 million tonnes (52%) was shipped to five countries - Indonesia, Vietnam, South Korea, Japan and Iraq. The top 10 countries accounted for 12.2mt or 75pc of Australian bulk wheat exports.

The wet harvest and logistical issues have had a role in limiting total exports, with a relatively high figure of nine million tonnes of carryover recorded.

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WEA must put the traders that now control the wheat industry under the same scrutiny as AWB Ltd was under when it managed the National Pooling arrangement.

The bench marks and hurdles that were used are still on the WEA web site.

There is widespread concern amongst grain growers, over 80% of whom supported the single desk, that the prices being received are well below where they would have been under the single seller arrangement.

Peter Woods The CEO of WEA, must cease promoting the deregulated market place and produce some meaningful data as would be expected from a statutory watchdog.

Posted by Jock Munro, 6/01/2012 10:14:18 AM
Bit tougher now is it Jock when WA growers have stooped subsidising and now competing with you.
Posted by X A Socialist, 6/01/2012 9:29:58 PM
Jock, anyone can get whatever result they want in a rigged election.
Posted by Bushie Bill, 9/01/2012 11:02:27 AM
WEA are gone at the 30th Sept this year! Unless the Minister sees some UNIFIED advocacy from the Industry (All SFO's, GPA and GGL) the industry will lose the opportunity to change WEA's charter to better regulate the stocks information output, the 22c/t WEC that could be used to finance industry good function under a revised Charter and perhaps most worryingly a Bulk Handler VOLUNTARY Code of Conduct?? Step up industry leaders and put petty politics behind you. Growers need you.
Posted by Disappointed Reader, 18/02/2012 7:43:59 PM

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