Australia's grains industry received a double fillip as it
won a 350,000-tonne wheat order from Iraq, while Western Australian production received
an upgrade from CBH Group, which claimed record crop receivals.
Australian wheat undercut offers from Canada and the US to
win the order from Iraq's state grain board, which paid between $339.70-346.90
a tonne for the grain, on a c&f basis.
The lowest tender for US wheat was for $358.87 a tonne, with
Canadian wheat offered at $361.05 a tonne.
The announcement came shortly before CHB Group, which
handles the great majority of crops in Western Australia, raised by 1.4m tonnes
to a record 15.2m tonnes its forecast for grain receipts in the country's top
"We were not expecting anything as large as this," a CBH
spokesperson told Agrimoney.com.
'Biggest harvest in
"Western Australian growers have delivered the biggest
harvest in history, today surpassing the 15.06m-tonne haul in 2011-12," a statement
from CBH said.
Some harvesting still remains to be done in the Albany and
Kwinana zones, expected to take the total receivals to the 15.2m-tonne total.
CBH grain receivals, compared with (Abares estimates for Western Australia winter crop production)
2012-13: 9.1m tonnes, (11.088m tonnes)
2011-12: 15.1m tonnes, (16.599m tonnes)
2010-11: 6.5m tonnes, (8.045m tonnes)
2009-10: 11.1m tonnes, (12.944m tonnes)
2008-09: 12.3m tonnes, (13.786m tonnes)
2007-08: 8.5m tonnes, (10.762m tonnes)
While this is only 100,000 tonnes larger than the figure
that Abares, the official Australian commodities bureau, has factored in for
the total Western Australia winter crop harvest, the fact that CBH does not scoop
all volumes means that the state's overall figure will be significantly bigger.
Typically, CBH grain receivals fall some 1.5m-2m tonnes
short of the Abares total for winter crops, including the likes of peas and
lupins, with some supplies staying on farm, often to be fed to livestock, or
bought directly by domestic users, such as feed or seed companies.
Western Australia's biggest recent winter crop harvest – the
country is only a tiny producer of spring crops such as corn - was of 16.677m
tonnes in 2003-04, according to Abares.
CBH said that the extra grains would be used to swell its
export programme - which is directly largely at Middle East countries.
Middle Eastern and African countries between them account
for 40% of its volumes, the same as shipped to South East Asia, with 10% going
to North Asia, 6% to Japan and the balance to other destinations and for domestic