BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Agriculture

Australia's wheat exports from Oct 2017-Sep 2018 to fall 24% on year: ABARES

Agriculture | Grains

How high will Russian wheat prices rise?

Agriculture | Biofuels

Platts Biofuelscan

Commodities | Electric Power | Metals

Battery Metals Conference, Inaugural

Agriculture

China soybeans basis falls on trade talks optimism: sources

Australia's wheat exports from Oct 2017-Sep 2018 to fall 24% on year: ABARES

Singapore — Australia's wheat exports in the 2017-2018 (October-September) marketing year are expected to fall 24% year on year to 16.8 million mt, in line with lower production, the Australian Bureau of Agricultural and Resource Economics said in a report released on Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Last week, ABARES lowered Australia's wheat production estimates to 20.3 million mt from 21.6 million mt in its earlier estimates. If realized, this would be the lowest production since 2007-2008 for Australian wheat.

Drought and untimely rains which affected the wheat belt, especially in eastern Australia, led to lower yield, although a higher level of opening stocks helped buffer export volumes, ABARES said in Monday's report.

A fall in the global volume of high-quality hard milling wheat, which is produced by several countries such as the US, Canada and Australia amid reduced acreage and weather disturbances could help support the average export unit value of Australian wheat, ABARES added.



The average value for APW pool return in 2017-2018 is expected to be A$301($225.75)/mt, up from A$268/mt in previous year, ABARES said.

Platts APW was assessed steady from Friday at $225/mt FOB Australia on Monday, which was up 12.5% year on year amid lower supply.

--Alexis Gan, alexis.gan@spglobal.com

--Edited by E Shailaja Nair, shailaja.nair@spglobal.com