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Western Australia’s wheat prices fell to $308/tonne due to stronger Argentine exports, while East Coast prices remain lower than last year.
Western Australia’s wheat prices dropped to $308 per tonne, driven by increased Argentine exports to Southeast Asia, challenging Australia’s market share.
East coast prices remain stable but are down $17 since late November and $50 below last year’s levels.
Exporters are buying on a hand-to-mouth basis, while eastern growers store grain, contrasting with western farmers using pre-harvest hedging.
Global supply tightness, especially excluding large Chinese stockpiles, may support prices later, prompting some growers to delay sales despite lower prices.
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Los precios del trigo de Australia Occidental cayeron a $308/tonelada debido a las fuertes exportaciones argentinas, mientras que los precios de la Costa Este siguen siendo más bajos que el año pasado.