Australian wheat production for the 2022/23 marketing year is expected to exceed the most optimistic estimates, but many are at risk of downgrade to feed wheat.
the Australian wheat production It’s a record high this season: the United States Department of Agriculture (USDA) puts it at 36.6 million tons and the International Grains Council (IGC) at 38.1 million tons. For some domestic experts, it will reach 40 m or even 42 m Given the higher than expected returns at the end of the campaign.
According to the latest analyst estimates, wheat production in Australia will reach a record high of 42 million tons due to higher than expected yields at the end of the campaign. In Western Australia, wheat production is expected to reach 16 million tonnes, up from 13 million tonnes.
– Gaurav Kochar (@gaurav_kochar) January 8, 2023
Marc Zribi, head of FranceAgriMer’s grain and sugar unit, stresses the “big question mark about the quality” of this harvest: “a large part should be downgraded to forage wheat”.
It is also logical that Australian shipments are close to the record: 28.5 million tons according to the USDA, 27.2 million tons according to the CIC, “but with the possibility of export based on local and port-specific logistics capacity,” stresses FranceAgriMer. The application is mainly directed towardsSoutheast Asiaparticularly in Indonesia.