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Because some of the major exporting wheat production of the country, the import business increasingly dependent on Australia to meet demand .
After years of drought, Australia's wheat production in 2020/21 resumed, making exports more than doubled
.
Wheat exports in 2020/21 are expected to be close to record highs, and exports in 2021/22 are expected to decrease only slightly, as the increase in initial stocks offsets the decline in production
.
.
Wheat exports in 2020/21 are expected to be close to record highs, and exports in 2021/22 are expected to decrease only slightly, as the increase in initial stocks offsets the decline in production
.
The share of Australian wheat in global wheat exports in 2021/22 will increase to 12%, compared to only 5% two years ago
.
.
Due to buyers' preference for Australian wheat, especially white wheat, coupled with the geographical proximity, Australian wheat exports are still mainly concentrated in Asia
.
Due to the bumper wheat harvest year after year, Australia has more wheat supplies and more attractive prices
.
In 2020/21, Australia successfully regained Indonesia's market share (Indonesia is the largest traditional export destination of Australian wheat and Indonesia is also the world's second largest wheat importer), and the Black Sea and the United States have reduced exports to this market
.
.
Due to the bumper wheat harvest year after year, Australia has more wheat supplies and more attractive prices
.
In 2020/21, Australia successfully regained Indonesia's market share (Indonesia is the largest traditional export destination of Australian wheat and Indonesia is also the world's second largest wheat importer), and the Black Sea and the United States have reduced exports to this market
.
In the 2021/22 season, the sharp decline in Canadian wheat production will enable Australia to further increase its exports to Indonesia
.
Vietnam has also become a major export destination for Australian wheat due to the surge in food and feed demand
.
Although Australia and China have trade disputes over other commodities, China continues to purchase high-quality wheat from Australia
.
Australia has also substantially increased its wheat exports to the Philippines
.
The Philippines mainly purchases wheat from the United States
.
.
Vietnam has also become a major export destination for Australian wheat due to the surge in food and feed demand
.
Although Australia and China have trade disputes over other commodities, China continues to purchase high-quality wheat from Australia
.
Australia has also substantially increased its wheat exports to the Philippines
.
The Philippines mainly purchases wheat from the United States
.
In the short term, Australian wheat prices are currently attractive and sufficient supplies will make Australia the third largest wheat exporter in the world
.
Due to competitive shipping costs, Australia will continue to supply wheat to Asia
.
.
Due to competitive shipping costs, Australia will continue to supply wheat to Asia
.
Many important markets for Australian wheat have strong wheat consumption growth, but wheat is not produced
.
As long as production is sufficient, Australia's exports are expected to remain strong in the long term
.
.
As long as production is sufficient, Australia's exports are expected to remain strong in the long term
.
