World Grain - November 2020 - 20

COUNTRY FOCUS

FOCUS ON

AUSTRALIA
Grains production expected to
rebound after extended drought
by Chris Lyddon

Australian grains production is set to bounce back in 2020-21 after suffering from reduced output for several years due to drought.
The country is a major player on the world market, with much of
its grains and oilseeds sector focused on export.
The International Grains Council (IGC), in its Grain Market
Report of Sept. 24, forecast Australia's total grains production
in 2020-21 at 43.3 million tonnes, up from its figure a month
earlier of 41.6 million. The previous year's total crop was 25.7
million tonnes.
The country's 2020-21 wheat crop is forecast at 28.4 million
tonnes, up from 27.5 million predicted a month earlier and compared with 15.2 million the previous year.
Production of corn is seen at 400,000 tonnes, unchanged from
the previous estimate and up from 200,000 tonnes the year before.
Barley production in 2020-21 is now put at 10.9 million tonnes,
compared with a previous forecast of 10.5 million and up from 9
million the year before.
For sorghum, the IGC forecast is 1.7 million tonnes, up from
the earlier estimate of 1.4 million and 300,000 tonnes the previous year.
Australia also will produce 1.7 million tonnes of oats, revised
up from 1.6 million, compared with 900,000 the
previous year.
Its total 2020-21 exports of grains are
forecast at 21.8 million tonnes, up
from the IGC's previous figure of
19.9 million and also up from
13.4 million in 2019-20.
Wheat exports for 2020-21
are put at 17.9 million tonnes,
up from the earlier forecast
of 16.2 million, and up from
10.1 million the year before.
The IGC's forecast for
Australian barley exports in
2020-21 is 3.4 million tonnes,
including 1.9 million for feed
and 1.5 million for malting, up
from the earlier forecast of 3.2
million (1.7 million feed, 1.5 million malting). The previous year's
20	

WG_Nov20.indb 20

KEY FACTS
Capital: Canberra
Population: 25,466,459 (July 2020 est.)
Religions: Protestant 23.1% (Anglican 13.3%, Uniting Church 3.7%, Presbyterian and Reformed 2.3%,
Baptist 1.5%, Pentecostal 1.1%, Lutheran 0.7%,
other Protestant 0.5%), Roman Catholic 22.6%,
other Christian 4.2%, Muslim 2.6%, Buddhist 2.4%,
Orthodox 2.3% (Eastern Orthodox 2.1%, Oriental
Orthodox 0.2%), Hindu 1.9%, other 1.3%, none
30.1%, unspecified 9.6% (2016 est.).
Location: Oceania, continent between the Indian
Ocean and the South Pacific Ocean.
Government: Federal parliamentary democracy under a constitutional monarchy; a Commonwealth
realm. Chief of state: Queen Elizabeth II (since Feb. 6,
1952), represented by Governor General David Hurley
(since July 1, 2019); head of government: Prime Minister Scott Morrison (since Aug. 24, 2018).
Economy: Australia is an open market with minimal restrictions on imports of goods and services.
The process of opening up has increased productivity, stimulated growth, and made the economy more
flexible and dynamic. Australia plays an active role
in the WTO, APEC, the G20, and other trade forums.
Australia's free trade agreement (FTA) with China entered into force in 2015, adding to existing FTAs with
the Republic of Korea, Japan, Chile, Malaysia, New
Zealand, Singapore, Thailand, and the United States,
and a regional FTA with ASEAN and New Zealand.
Australia continues to negotiate bilateral agreements
with Indonesia, as well as larger agreements with its
Pacific neighbors and the Gulf Cooperation Council
countries, and an Asia-wide Regional Comprehensive
Economic Partnership that includes the 10 ASEAN
countries and China, Japan, Korea, New Zealand,
and India. Australia's abundant and diverse natural
resources attract high levels of foreign investment
and include extensive reserves of coal, iron, copper,
gold, and renewable energy sources. A series of major
investments, such as the $40 billion Gorgon Liquid
Natural Gas Project, will significantly expand the resources sector. For nearly two decades up until 2017,
Australia had benefited from a dramatic surge in its
terms of trade. As export prices increased faster than
import prices, the economy experienced continuous
growth, low unemployment, contained inflation, very
low public debt, and a strong and stable financial
system. Demand for resources and energy from Asia
and especially China is growing at a slower pace and
sharp drops in export prices have impacted growth.
GDP per capita: $50,400 (2017 est.); inflation: 2%
(2017 est.); unemployment: 5.6% (2017 est.).
Currency: Australian dollars (AUD): 1.41 Australian
dollars equal 1 US dollar (Oct. 20, 2020).
Exports: $231.6 billion (2017 est.): iron ore, coal,
gold, natural gas, beef, aluminum ores and conc,
wheat, meat (excluding beef), wool, alumina, alcohol.
Imports: $221 billion (2017 est.): motor vehicles, refined petroleum, telecommunication equipment and
parts; crude petroleum, medicaments, goods vehicles,
gold, computers.
Agriculture: 3.6% (2017 est.) of GDP and 3.6% of
the labor force.
Internet: Code: .au; 21,419,302 users.
Source: CIA Factbook

November 2020 / World Grain / www.World-Grain.com

11/2/2020 4:07:48 PM


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World Grain - November 2020

Table of Contents for the Digital Edition of World Grain - November 2020

World Grain - November 2020 - 1
World Grain - November 2020 - 1
World Grain - November 2020 - 2
World Grain - November 2020 - 3
World Grain - November 2020 - 4
World Grain - November 2020 - 5
World Grain - November 2020 - 6
World Grain - November 2020 - 7
World Grain - November 2020 - 8
World Grain - November 2020 - 9
World Grain - November 2020 - 10
World Grain - November 2020 - 11
World Grain - November 2020 - 12
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World Grain - November 2020 - 14
World Grain - November 2020 - 15
World Grain - November 2020 - 16
World Grain - November 2020 - 17
World Grain - November 2020 - 18
World Grain - November 2020 - 19
World Grain - November 2020 - 20
World Grain - November 2020 - 21
World Grain - November 2020 - 22
World Grain - November 2020 - 23
World Grain - November 2020 - 24
World Grain - November 2020 - 25
World Grain - November 2020 - 26
World Grain - November 2020 - 27
World Grain - November 2020 - 28
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World Grain - November 2020 - 38
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World Grain - November 2020 - 40
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World Grain - November 2020 - 42
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https://www.nxtbook.com/sosland/wg/2015_12_01
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http://digital.world-grain.com/sosland/wg/2015_08_01
http://digital.world-grain.com/sosland/wg/2015_07_01
http://digital.world-grain.com/sosland/wg/2015_06_01
http://digital.world-grain.com/sosland/wg/2015_05_01
https://www.nxtbook.com/sosland/wg/2015_04_01
https://www.nxtbook.com/sosland/wg/2015_03_01
https://www.nxtbook.com/sosland/wg/2015_02_01
http://digital.world-grain.com/sosland/wg/2015_01_01
https://www.nxtbook.com/sosland/wg/2014_12_01
https://www.nxtbook.com/sosland/wg/2014_11_01
https://www.nxtbook.com/sosland/wg/2014_10_01
https://www.nxtbook.com/sosland/wg/2014_09_01
https://www.nxtbook.com/sosland/wg/2014_08_01
https://www.nxtbook.com/sosland/wg/2014_07_01
https://www.nxtbook.com/sosland/wg/2014_06_01
https://www.nxtbook.com/sosland/wg/2014_05_01
https://www.nxtbook.com/sosland/wg/2014_04_01
https://www.nxtbook.com/sosland/wg/2014_03_01
https://www.nxtbook.com/sosland/wg/2014_02_01
https://www.nxtbook.com/sosland/wg/2014_01_01
https://www.nxtbook.com/sosland/wg/2013_12_01
https://www.nxtbook.com/sosland/wg/2013_11_01
https://www.nxtbook.com/sosland/wg/2013_10_01
https://www.nxtbook.com/sosland/wg/2013_09_01
https://www.nxtbook.com/sosland/wg/2013_08_01
https://www.nxtbook.com/sosland/wg/2013_07_01
https://www.nxtbook.com/sosland/wg/2013_06_01
https://www.nxtbook.com/sosland/wg/2013_05_01
https://www.nxtbook.com/sosland/wg/2013_04_01
https://www.nxtbook.com/sosland/wg/2013_03_01
https://www.nxtbook.com/sosland/wg/2013_02_01
https://www.nxtbook.com/sosland/wg/2013_01_01
https://www.nxtbook.com/sosland/wg/2012_12_01
https://www.nxtbook.com/sosland/wg/2012_11_01
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https://www.nxtbook.com/sosland/wg/2012_09_01
https://www.nxtbook.com/sosland/wg/2012_08_01
https://www.nxtbook.com/sosland/wg/2012_07_01
https://www.nxtbook.com/sosland/wg/2012_06_01
https://www.nxtbook.com/sosland/wg/2012_05_01
https://www.nxtbook.com/sosland/wg/2012_04_01
https://www.nxtbook.com/sosland/wg/2012_03_01
https://www.nxtbook.com/sosland/wg/2012_02_01
https://www.nxtbook.com/sosland/wg/2012_01_01
https://www.nxtbook.com/sosland/wg/2011_12_01
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https://www.nxtbook.com/sosland/wg/20111_09_01
https://www.nxtbook.com/sosland/wg/2011_08_01
https://www.nxtbook.com/sosland/wg/2011_07_01
https://www.nxtbook.com/sosland/wg/2011_06_01
https://www.nxtbook.com/sosland/wg/2011_05_01
https://www.nxtbook.com/sosland/wg/2011_04_01
https://www.nxtbook.com/sosland/wg/2011_03_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_02_01
http://digital.world-grain.com/sosland/wg/2011_01_01
http://digital.world-grain.com/sosland/wg/2010_12_01
http://digital.world-grain.com/sosland/wg/2010_11_01
http://digital.world-grain.com/sosland/wg/2010_10_01
http://digital.world-grain.com/sosland/wg/2010_09_01
http://digital.world-grain.com/sosland/wg/2010_08_01
http://digital.world-grain.com/sosland/wg/2010_07_01
http://digital.world-grain.com/sosland/wg/2010_06_01
http://digital.world-grain.com/sosland/wg/2010_05_01
http://digital.world-grain.com/sosland/wg/2010_04_01
http://digital.world-grain.com/sosland/wg/2010_03_01
http://digital.world-grain.com/sosland/wg/2010_02_01
http://digital.world-grain.com/sosland/wg/2010_01_01
http://digital.world-grain.com/sosland/wg/2009_12_01
http://digital.world-grain.com/sosland/wg/2009_11_01
http://digital.world-grain.com/sosland/wg/2009_10_01
http://digital.world-grain.com/sosland/wg/2009_09_01
http://digital.world-grain.com/sosland/wg/2009_08_01
http://digital.world-grain.com/sosland/wg/2009_07_01
http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
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