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December 1998 Edition
Southern Hemisphere Wheat Export Availability and Competition Fall
For the second consecutive year, Southern Hemisphere wheat exporters are faced with lower exportable supplies as adverse weather conditions have affected both the size and quality of this year's crops. In the 1998/99 July/June year, exports are expected to be 4.5 million tons below the previous year, and 10 million tons below the 1996/97 record, but will still remain well above historical levels. Australia is expected to continue to service most of the demand in many of its traditional Asian markets. Argentina, while remaining a key regional supplier, will likely have to curtail inroads made into new markets over the past two years.
However, this month's reduction in Southern Hemisphere competition is entirely offset by increased exports by the EU and Canada. EU's wheat exports rose 1 million tons this month, owing to announced donations to Russia, while a 500,000 ton increase in Canadian exports is attributable to larger-than-previously-anticipated supplies of spring wheat.
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed Contact List
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