Australia exports 659,513t barley, 119,944t sorghum in Nov

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Australia exported 61,308t of malting barley, 598,205t of feed barley and 119,944t of sorghum in November, according to the latest export data from the Australian Bureau of Statistics (ABS).

The malting figure is down 26 per cent from the October total to reflect the normal rundown in old-crop availability, while the feed total is up 71pc for the month.

The sorghum total is down 60pc from October to reflect dwindling supplies from the 2021 harvest.

Flexi Grain pool manager Sam Roache said November was a huge counter-seasonal month for total barley exports, with the largest numbers seen since May 2021.

“Malt barley continues to show consistency, with strong relative exports and South American destinations leading the way.

“Feed barley showed the larger Saudi numbers we have been waiting for, with their largest month since March, along with good demand to other Middle Eastern homes.”

“The biggest surprise came from The Philippines, which had its largest month of imports ever, and more than doubled its previous record.”

In November shipments, Mexico on 33,000t and Peru on 19,436t were the biggest markets by far, while on feed, Saudi Arabia was the destination for 317,955t, followed by The Philippines on 149,273t and Vietnam on 53,959t.

“Australian barley has been the cheapest origin in a tight global barley balance sheet, with tightness driven by huge and continuing Chinese demand, along with exploding Turkish demand this year.

“We are aware of significant Chinese new-crop Ukraine/French purchases in the last month.”

Mr Roache said Australian barley has been a relatively cheap feedgrain, and has taken demand from both feed wheat and corn into Asia and the Middle East over the past two years.

“Feed wheat and corn have become more competitive recently, in part due to Australian downgrading, so we expect to lose the swinging demand into The Philippines and Vietnam to feed wheat ex Australia, and some Middle East demand to South American corn in the January forward timeframe.”

Mr Roache said solid demand from the Middle East and Japan is expected for Australian feed barley throughout the marketing year.

“In the back half of the year, a combination of competition from the Black Sea and dwindling stocks in all states bar Western Australia will slow our program down considerably, with elevation margins favouring other grains versus barley in Victoria and South Australia already.”

Saudi Arabian demand for Australian feed barley has been subdued recently, with importers there suggesting lower demand overall which makes them well covered.

“We expect them to be back before the Black Sea harvest timeframe despite this talk, so we should see some action in barley before the Northern Hemisphere harvest spoils our party for the remainder of the year.”

Export numbers have started to dwindle on sorghum, with limited stocks available in the face of insatiable demand from China.

“Again, the size of the shipping month implies a slightly larger old-crop production, but we are starting to see the end of the program before shipments pick up in the February forward period with new crop.”

MALTING Sep Oct Nov Tonnes
Ecuador 13000 0 0 13000
Ethiopia 0 73881 0 73881
Indonesia 258 510 278 1046
Japan 1501 750 750 3001
Mexico 0 0 33000 33000
Peru 13000 0 19436 32436
Philippines 0 187 880 1067
Singapore 1793 3880 4439 10112
Thailand 1112 2893 649 4653
Vietnam 2066 750 1876 4692
TOTAL 32729 82851 61308 176888

Table 1: Australian malting barley exports for September, October and November 2021. Source: ABS

FEED Sep Oct Nov Tonnes
Ecuador 0 0 7100 7100
Hong Kong 0 12 0 12
India 473 0 435 908
Indonesia 0 0 0 0
Iran 0 0 0 0
Japan 38310 137595 120 176025
Kuwait 90676 0 40500 131176
Macau 0 1 0 1
Malaysia 0 529 0 529
Mexico 30000 0 0 30000
New Caledonia 699 528 271 1498
New Zealand 5843 0 0 5843
Oman 36920 10000 0 46920
Papua New Guinea 25 100 100 225
Philippines 7687 13765 149273 170726
Qatar 55125 50000 0 105125
Saudi Arabia 131557 113311 317955 562823
Singapore 367 549 250 1166
South Korea 888 300 1105 2293
Taiwan 2271 2316 3486 8073
Thailand  0 0 0 0
UAE 57571 6279 23651 87500
Vietnam 54206 14003 53959 122168
TOTAL 512617 349288 598205 1460110

Table 2: Australian feed barley exports for September, October and November 2021. Source: ABS

SORGHUM Sep Oct Nov Tonnes
China 159316 247405 116365 523086
Japan 42186 44106 126 86418
Kenya 22000 0 0 22000
Malaysia 0 0 24 24
Philippines 2950 2062 1405 6417
Saudi Arabia 46 0 0 46
South Korea 0 24 24 48
Taiwan 5125 4004 2000 11129
TOTAL 231623 297601 119944 649168

Table 3: Australian sorghum exports for September, October and November 2021. Source: ABS

 

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