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Trade Service
1.
Recently, international durum wheat prices have continued to rise, and wheat prices have reached new highs in many countries
.
On October 18, the Canadian durum wheat price was 711.
36 Canadian dollars/ton, an increase of 0.
86% from the previous week
.
On October 19, the Chicago Board of Trade Durum Wheat Index reached 1,549.
63 points, an increase of 6.
56% from the previous week and an increase of 17.
42% from the previous month
.
Italian durum wheat prices have risen for 4 consecutive weeks.
The highest price reached 560 euros/ton on October 20, an increase of 3.
7% from the previous week
.
Recently, international durum wheat prices have continued to rise, and wheat prices have reached new highs in many countries
.
On October 18, the Canadian durum wheat price was 711.
36 Canadian dollars/ton, an increase of 0.
86% from the previous week
.
On October 19, the Chicago Board of Trade Durum Wheat Index reached 1,549.
63 points, an increase of 6.
56% from the previous week and an increase of 17.
42% from the previous month
.
Italian durum wheat prices have risen for 4 consecutive weeks.
The highest price reached 560 euros/ton on October 20, an increase of 3.
7% from the previous week
.
2.
The U.
S.
Department of Agriculture predicts that in 2021, world wheat production is expected to be 776 million tons, and consumption is 787 million tons.
Consumption will exceed production for the second consecutive year
.
Argentina’s wheat production is expected to reach 20 million tons, higher than the previous year’s 17.
65 million tons; exports will reach 13.
5 million tons, higher than the previous year’s 11 million tons
.
The U.
S.
Department of Agriculture predicts that in 2021, world wheat production is expected to be 776 million tons, and consumption is 787 million tons.
Consumption will exceed production for the second consecutive year
.
Argentina’s wheat production is expected to reach 20 million tons, higher than the previous year’s 17.
65 million tons; exports will reach 13.
5 million tons, higher than the previous year’s 11 million tons
.
3.
According to data from Rabobank and the Australian Grain Research and Development Corporation, Australian barley production in 2021/2022 (July 2021 to June 2022) is expected to fall by 10% year-on-year to 11.
7 million tons, but still higher than the five-year average.
7% higher
.
China imposes an 80% tariff on Australian barley exports, leading to the interruption of the annual barley trade worth 1.
2 billion Australian dollars
.
According to data from Rabobank and the Australian Grain Research and Development Corporation, Australian barley production in 2021/2022 (July 2021 to June 2022) is expected to fall by 10% year-on-year to 11.
7 million tons, but still higher than the five-year average.
7% higher
.
China imposes an 80% tariff on Australian barley exports, leading to the interruption of the annual barley trade worth 1.
2 billion Australian dollars
.
4.
In the first half of 2021, New Zealand exported S$460 million in fruit to China, an increase of 15% year-on-year, slightly lower than the S$476 million exported to the EU
.
Compared with the same period in 2020, the revenue of new kiwifruit increased by 16%
.
In the first half of 2021, New Zealand exported S$460 million in fruit to China, an increase of 15% year-on-year, slightly lower than the S$476 million exported to the EU
.
Compared with the same period in 2020, the revenue of new kiwifruit increased by 16%
.
5.
Japan’s Ministry of Internal Affairs and Communications released the retail price statistics.
The average retail price of Koshihikari rice in Tokyo in September was 2,287 yen/5 kg, a year-on-year decrease of 6%; the average retail price of other rice was 2,055 yen/5 kg, a year-on-year decrease of 8%.
Both are close to the 2015 level
.
With the new rice harvest this year, daily rice market prices are expected to continue to fall
.
Japan’s Ministry of Internal Affairs and Communications released the retail price statistics.
The average retail price of Koshihikari rice in Tokyo in September was 2,287 yen/5 kg, a year-on-year decrease of 6%; the average retail price of other rice was 2,055 yen/5 kg, a year-on-year decrease of 8%.
Both are close to the 2015 level
.
With the new rice harvest this year, daily rice market prices are expected to continue to fall
.
