Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Tag Archives Australia — page 2
Southern Hemisphere pressures wheat market
Increased wheat production in Argentina and Australia is expected to make 9.15 million more tonnes available for export
The wheat market continues to struggle, despite some positive news from the Black Sea region. Russia has announced a large drop in its wheat export potential by reducing the February through June export limit to 11 million tonnes. This is down 18 million tonnes from last year during the same period. The Russian government also […] Read more
Australia’s red lentils run into trouble amid dry conditions
The country farmers have produced large harvests over the last two years and are Canada’s main competitors for the crop
SASKATOON — Canada’s top competitor in the red lentil export market is experiencing problems. AgPulse Analytica is reporting that the crop is in trouble in two key states of Australia — South Australia and Victoria. Primary Industries and Regions South Australia (PIRSA) estimates farmers in that state will harvest 428,000 tonnes of the crop. That […] Read more
Australia cashes in as U.S. cattle herd shrinks
A slump in U.S. beef production results in record Australian meat exports and big bucks for processors and producers
COOMA, Australia (Reuters) — In a refrigerated room, around two dozen employees in hats, gloves and blue plastic aprons carve and pack carcasses into boxes within minutes of their slaughter. The Monbeef slaughterhouse, owned by Bindaree Food Group and located about 100 kilometres south of Canberra, Australia, processes approximately 200 cattle a day, up from […] Read more
Price slip increases wheat’s competitiveness
Canadian wheat prices had been the highest among major exporters, but they have now dropped to the middle of the pack SASKATOON — Canada’s wheat prices have become more competitive of late, according to the U.S. Department of Agriculture. They were the highest of all the major exporters from November 2023 through June 2024, but […] Read more
Australia set to make grocery code mandatory
Code of conduct for supermarket chains had been voluntary, but government worried suppliers weren’t protected enough
SYDNEY (Reuters) — Australia could impose billion-dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said late last month as it seeks to address concerns that suppliers have been unfairly squeezed on pricing. Grocers with more than US$3.3 billion in annual revenue — currently Woolworths, […] Read more
Canadian barley has opportunity in China
SASKATOON — Canadian barley growers might have a window of opportunity to regain some lost market share in China, says an analyst. The U.S. Department of Agriculture is forecasting that Australia will export six million tonnes of the cereal crop in 2024-25. That is down from seven million tonnes last year and more than eight […] Read more
Canada’s crush boom to benefit Aussie canola
A significant increase in domestic crush capacity is expected to lower exports and reduce competition for Australia
SASKATOON — The future looks bright for Australia’s canola sector, according to a leading agricultural bank. Commonwealth Bank of Australia is forecasting reduced competition from its main competitor and continued strong demand from its top export market. Related stories: Canada’s exports are forecast to decline due to rising domestic crush. Canada has 14 crush facilities […] Read more
Australian cereals production expected to fall
Lack of rain in the states of Western Australia and South Australia may see harvests fall below the 10-year average
Glacier FarmMedia – WINNIPEG — Dry conditions in Western and South Australia may cause declines in the upcoming Australian wheat and barley crops, according to the U.S. Department of Agriculture’s attaché in Canberra. In a USDA Global Agricultural Information Network report released April 29, the attaché forecasted wheat production at 25.8 million tonnes for the […] Read more
Chemical delays aggravate Aussie farmers
CANBERRA (Reuters) — Australia’s farm chemicals regulator is taking too long to approve new products, leading to billions of dollars in preventable crop losses for one of the world’s biggest agricultural exporters, industry groups say. Australia is a major supplier of goods from wheat and barley to cotton and wine. Approvals of as many as […] Read more
