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    Home > Food News > Food Articles > Australia raises forecasts for wheat exports in 2020/21

    Australia raises forecasts for wheat exports in 2020/21

    • Last Update: 2021-03-18
    • Source: Internet
    • Author: User
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    Foreign media news on March 3: The Australian government forecast agency has raised the forecast data for Australian foodmate.
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    html" class="zdbq" title="Wheat-related food information" target="_blank">wheat and foodmate.
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    html" class="zdbq" title="Export-related food information" target="_blank">exports in 2020/21.
    But if the next season foodmate.
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    The Australian Bureau of Agricultural Resources, Economics and Sciences (ABARES) raised the export of Australian wheat for 2020/21 (October to September of the following year) by 862,000 tons to 21.
    36 million tons, the highest level in four years and the third on record.
    A high point of export.
    The drought in Australia last year reduced wheat production, and wheat exports were only 9.
    13 million tons.
     
    This increase reflects that ABARES raised its forecast for Australian wheat production two weeks ago to a record 33.
    34 million tons.
    It also reflects that the harvest of Australian wheat has lowered its prices than other sources.
     
    ABARES said that due to the sharp increase in supply in 2020/21, Australian wheat is more competitive than wheat from other countries, which presents an opportunity for Australia to regain its share of the traditional export market.
     
    However, ABARES expects that Australia’s wheat production in the 2021/22 season will be reduced to 25 million tons, so the next season’s exports will fall back to 16.
    45 million tons.
    ABARES expects Australia’s wheat yields to return to more average levels from record levels in 2020/21, especially in New South Wales and Victoria.
     
    Nevertheless, due to the mild La Niña phenomenon in 2020/21, the soil moisture content of farmers is higher when sowing, so the output in most parts of the country in 2021/22 is more likely to be higher than average.
    foodmate.
    net/tag_2057.
    html" class="zdbq" title="Wheat-related food information" target="_blank">Wheat and foodmate.
    net/tag_3487.
    html" class="zdbq" title="Barley related food information" target="_blank">barley foodmate.
    net/tag_601.
    html" class="zdbq" title="" target="_blank">grains for foodmate.
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    html" class="zdbq" title="Export-related food information" target="_blank">exportfoodmate.
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      The Australian Bureau of Agricultural Resources, Economics and Sciences (ABARES) raised the export of Australian wheat for 2020/21 (October to September of the following year) by 862,000 tons to 21.
    36 million tons, the highest level in four years and the third on record.
    A high point of export.
    The drought in Australia last year reduced wheat production, and wheat exports were only 9.
    13 million tons.
     
      This increase reflects that ABARES raised its forecast for Australian wheat production two weeks ago to a record 33.
    34 million tons.
    It also reflects that the harvest of Australian wheat has lowered its prices than other sources.
     
      ABARES said that due to the sharp increase in supply in 2020/21, Australian wheat is more competitive than wheat from other countries, which presents an opportunity for Australia to regain its share of the traditional export market.
     
      However, ABARES expects that Australia’s wheat production in the 2021/22 season will be reduced to 25 million tons, so the next season’s exports will fall back to 16.
    45 million tons.
    ABARES expects Australia’s wheat yields to return to more average levels from record levels in 2020/21, especially in New South Wales and Victoria.
     
      Nevertheless, due to the mild La Niña phenomenon in 2020/21, the soil moisture content of farmers is higher when sowing, so the output in most parts of the country in 2021/22 is more likely to be higher than average.
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