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Australian wheat export prices
ABARES expects Russian wheat production to approach 90 million tonnes in 2022/23, a record high
.
However, rainy weather delayed harvesting and adversely affected
wheat quality.
.
However, rainy weather delayed harvesting and adversely affected
wheat quality.
Canadian wheat production is expected to recover to 34.
5 million tonnes, up 13 per cent
from the 10-year average.
5 million tonnes, up 13 per cent
from the 10-year average.
U.
S.
wheat production is expected to increase 8 percent year-on-year to 48.
5 million tonnes, but remains 10 percent below the past 10-year average as drought constrains U.
S.
wheat yield potential and results in yields below the long-term average
.
It is worth mentioning that the production of hard red winter wheat in the United States in 2022/23 will decline by 23% year-on-year, so the supply of high-protein milled wheat in 2022/23 will continue to be tight
.
S.
wheat production is expected to increase 8 percent year-on-year to 48.
5 million tonnes, but remains 10 percent below the past 10-year average as drought constrains U.
S.
wheat yield potential and results in yields below the long-term average
.
It is worth mentioning that the production of hard red winter wheat in the United States in 2022/23 will decline by 23% year-on-year, so the supply of high-protein milled wheat in 2022/23 will continue to be tight
.
In Argentina, where dry weather affects wheat sowing and initial growth, ALARES expects Argentina's wheat production to fall by 16% year-on-year to nearly 19 million tonnes
in 2022/23.
in 2022/23.
EU wheat production is expected to decline in 2022/23 due to hot and dry weather, particularly in France
.
.
Ukraine's wheat production in 2022/23 is expected to fall by 41% year-on-year to 19.
5 million tonnes, reflecting a decline in
harvested area caused by the Russian-Ukrainian conflict.
5 million tonnes, reflecting a decline in
harvested area caused by the Russian-Ukrainian conflict.
Overall, wheat production growth in Canada, the United States and Russia will outpace declines
in Australia, the European Union, Ukraine and Argentina.
in Australia, the European Union, Ukraine and Argentina.
But in major exporters such as Argentina, the European Union and the United States, domestic consumption and exports will outpace supplies, leading to a decline in wheat ending stocks in major exporters in 2022/23, supporting higher
wheat prices.
wheat prices.
