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Australian wheat was the most expensive in the world market
To date, the price of Australian wheat exceeded the level of offers of American grain for shipment to Asia, which is a very rare market situation and, consequently, may increase the demand for imports of wheat from USA
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As explained, given the projected in 2017/18 MG reduce wheat production in Australia to an eight-year low (21.64 million tons according to estimates of Ministry of agriculture), local farmers keep its sales that led to increase domestic prices of grain to a level above that of the world.

So, this week the price of Australian standard belozernoe wheat of the new harvest on the market South Asian countries reached $245 per ton C&F, while North American grain of the same quality is offered at $235 / tonne C&F, and black sea at $215 per ton C&F.

According to traders, this situation is atypical for this time of year and can lead to the fact that the competitiveness of Australian wheat in 2017/18 MG is very limited.



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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