GFM Network News

Australia Set For Higher-Quality Wheat Harvest

ustralia is set to reap a higher-quality harvest this year, although yields will be lower, analysts predict. A Reuters poll of 13 analysts pegs wheat production at around 24 million tonnes in the marketing year to September 2012, short of the record 26.3 million tonnes reaped in 2010-11. Last year, La Nińa rains in eastern

Australia Wheat Quality Hit By Rain, Harvest Slows

Australia’s wheat harvest is being slowed by continuing rain across eastern states, raising concerns over crop quality in one of the world’s top exporters of the grain. Harvesting is already running up to three weeks behind normal in parts of eastern Australia. “The issue is when will the rain stop so the harvest can fire

Bumper Australian Crop To Strain Rail Links

Australia’s biggest wheat harvest in nearly a decade threatens to strain a creaky rail network and delay grain shipments just as buyers look to the country to plug global supply gaps caused by a Russian export ban. The logjam, reminiscent of a scramble by exporters early in 2009 to fill orders immediately after the harvest

Australia May Abolish Remaining Wheat Export Rules

Australia’s wheat-marketi ng regulations should be abolished by September next year, the country’s Productivity Commission said in a draft report released March 22. It said the A$13.9-billion ($12.7-billion) industry, the world’s fourth-largest exporter of the grain, had proved adaptable following the end of a single-desk marketing system for bulk wheat since mid-2008. “The commission considers

Australian Wheat Area Seen Down

Australia could harvest nearly seven per cent less of the grain in 2010-11 than the previous season, analysts said Mar. 4, making their first estimates for the year. “We expect Australian wheat area to fall by five per cent in 2010 and production to decline by 1.5 million to 2.0 million tonnes, said Luke Mathews,

Australian Dollar Strength Knocks Wheat Sales

Australia’s strong dollar has made grain from the world’s fourth-largest wheat exporter costly for foreign buyers just as a new harvest begins, boosting the risk of overflowing silos and falling prices. Indonesia, Australia’s largest wheat customer, is shunning Australian wheat in favour of more competitively priced Black Sea-origin grain. “The Australian dollar’s strength is going

Australian Rail Network Needs Investment

Australia risks losng wheat sales to competitors if it cannot upgrade port and rail infrastructure fast enough and remove bottlenecks that have hurt exports following the country’s best harvest in four years. Silos in the world’s fourth-largest wheat exporter are brimming with grain after the breaking of a once-in-a-lifetime drought, but inefficient ports and snail-pace

Australians Unhappy With CBOT, Launch Own Futures

Australia’s stock exchange operator, ASX Ltd., will launch a wheat export futures contract this summer, it said March 13, raising hopes for a new global reference price to complement the dominant U. S. market. ASX said it expected the contract to start trading in May. Australia liberalized overseas wheat sales last year, opening up the