Overview of the International Wheat Market

Introduction: 1 India: the report claims that the Punjab supply and trade complex has sold 130700 tons of wheat to an international company The selling price is about 90 USD / ton FOB Wheat will be shipped in three shipments in August and September In 2001 / 02, the company exported about 800000 tons of wheat It is reported that the Indian government is reconsidering the export policy of wheat products, because the export of wheat products is very low At present, the Indian government is considering the return of domestic transportation costs At present, these measures have preferential policies for wheat export, but no preferential policies for wheat products 2 The United States: the U.S wheat industry group asked the government to reconsider the release of wheat stocks for food aid to South Africa They think wheat prices could be affected Wheat is being released to the market, and wheat harvest is underway According to the USDA plan, the government holds 275000 tons of wheat in stock and donates the sales winning funds to purchase about 195000 tons of corn, beans and vegetable oil to South Africa There is no doubt that stocks of wheat will have an impact on the market 3 Australia: the Australian wheat bureau announced after the meeting with Southeast Asian consumers that the brand benefits of Australian wheat in the international market have been greatly improved The Australian wheat authority has acquired more than 80 flour mills from Southeast Asian countries and has flour processing experts around the world The executive director of the Australian wheat board said consumers from the Philippines, Thailand, Malaysia, Singapore, Indonesia and Vietnam had responded positively Australia is the world's leading wheat exporter, with a large share in the Asian market and increasingly fierce competition with the United States IV China: in 2000 / 01, Australia's wheat export to China was only 60000 tons, far lower than the highest recorded export volume of 2.2 million tons in 1995 / 96 China has agreed to import more than 8 million tons of wheat at a low tariff this year after joining the WTO, but so far the Australian wheat bureau has not received a large number of inquiries from China The lack of demand from China has also hit the enthusiasm of international exporters, with the US Department of Agriculture recently announcing that China will cancel the purchase of 100000 tons of wheat V South Korea: Pusan branch of Feed Association of South Korea and bulk feed group jointly purchase 52000 tons of feed wheat from sources through bidding The transaction price is US $93.91/t C & F, which includes two port delivery fees of US $1.50/t It will arrive at Busan and Ulsan ports on October 5 6 Indonesia: Indonesia's processing plants moved to India and China to find a relatively cheap supply of wheat, because the prices of wheat in these two countries are relatively low compared with other sources Wheat prices in India and China are nearly $30 per ton lower than those in the United States and Australia In January Indonesia drafted plans to impose a 35% tariff on wheat flour imports Flour mills complain that some countries dump cheap flour Traders are concerned that Indonesia's wheat imports in 2002 may be lower than last year's 3.7 million tons, if no sanctions are imposed on flour imports.