Grain: World Markets and Trade, January 2006

Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 01-06
January 2006

Larger Harvests Boost Australian Grain Exports

After a third year of strong production and large stocks, Australia’s grain exports are expected to surge. For wheat, total supply is forecast at a record level (the result of both large carry-in stocks and a bigger harvest), and marketing year exports are consequently forecast to grow by nearly 2 million tons. Stocks could continue to rise, however, because weaker global demand and reduced buying from key markets such as China and Iraq will likely limit export growth.

For barley, slightly higher production and strong world demand is expected to boost exports. Australia will remain the world’s largest exporter, accounting for an estimated one-third of world trade (compared to a quarter last year). For rice, with a huge rebound in its crop, exports are forecast to grow more than four times the previous year’s level, exerting downward pressure on medium grain rice prices and increasing Australia’s competitiveness, vis-à-vis U.S. rice, in certain markets in the Middle East and Oceania.

International Market Analysis: Supplement to Coarse Grains: World Markets And Trade

Wheat Commentary	[Text]	[Adobe Acrobat Format]
Wheat Data Tables	[Excel Spreadsheet Format]	[Adobe Acrobat Format]

Rice Commentary	[Text]	[Adobe Acrobat Format]
Rice Data Tables	[Excel Spreadsheet Format]	[Adobe Acrobat Format]

Coarse Grains Commentary	[Text]	[Adobe Acrobat Format]
Coarse Grains Data Tables	Excel Spreadsheet Format]	[Adobe Acrobat Format]