Australia oppresses the black sea and Argentine wheat on the markets of Asia

Australia have already collected half of the wheat harvest, which, according to recent estimates, may reach a record of 34-35 million tons, allowing exports to 2020/21 MG also can reach the historic high of 22 million tonnes or $ 6 billion. It contributes to the implementation of the Russian government of export duties on Russian wheat.

According to the company GrainCorp, the schedule of shipments of wheat at its port terminals is fully booked until September, which was not from 2016/17 MG. This information comes from export terminals to New South Wales, South and Western Australia.

in the Coming weeks, the country plans to export 1 million tons of wheat to China, so Australian and international traders have not supported the appeal of the government of Australia to the WTO against China imposed by 80.5% of tariffs on Australian barley because of the danger of such a step for Australian wheat.

Australia restores its positions in the wheat markets of Southeast Asia and the Middle East, and for the first time since 2016/17 MG ships wheat to the countries of Eastern Africa.

For four seasons, when Australia suffered from severe drought, a major supplier of wheat to the markets of South-East Asia was Argentina, where the shipment in this direction in 2019/20 Mr amounted to 41% of total exports. The main buyer of Argentine wheat was Indonesia.

However, in 2020/21 MG Argentina will gather not more than 16.5 million tons of wheat is projected summer record 22 million tonnes and exports will be reduced to the lowest in 5 years 10 million tons.

the Growth of prices for black sea wheat to 255-260 $/MT FOB after the introduction of restrictions on exports by the Russian government reduces its attractiveness, since the Australian wheat delivered to Asia offered at 270-275 $/t C&F.

in addition, in November 2020. most of the countries in the Asia-Pacific region (particularly Australia, Indonesia, Vietnam, Philippines, etc.) signed an agreement on "regional comprehensive economic partnership", which gave Australia as the largest exporter of the grain, additional opportunities for lucrative contracts in the framework of this partnership.