WA crop frosted

Central and North Rural Weekly - - NEWS -

ASIAN flour millers are ex­pected to seek rare wheat ship­ments from Ar­gentina in com­ing months as a se­cond year of drought in tra­di­tional sup­plier Aus­tralia curbs sup­plies.

At present, Asian wheat im­porters, in­clud­ing the world’s big­gest buyer In­done­sia, are buy­ing most of their wheat from the Black Sea re­gion.

But Rus­sia and Ukraine are ex­pected to run out of sur­plus sup­plies by the end of the year due to an au­tumn out­put and strong de­mand for ex­ports, forc­ing buy­ers to seek ship­ments from al­ter­na­tive ori­gins, traders and an­a­lysts said.

“From De­cem­ber on­wards and in the first quar­ter of 2019, we ex­pect some of Ar­gentina’s sur­plus wheat to come to Asia,” said one Singapore-based trader at an in­ter­na­tional trad­ing com­pany.

“We have lower wheat pro­duc­tion in many ex­port­ing coun­tries but Ar­gentina is look­ing at a big­ger crop.”

Asia is the world’s big­gest con­sumer of wheat.

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