Australian Wheat Shipments Increase as Demand Gains

Wheat shipments from Australia will continue at high levels, after jumping in July, as drought cuts supply from Black Sea region countries, CBH Group, the country’s second-largest exporter of the grain, said.

Monthly volumes could continue at around 1.3 million metric tons for the next few months, Tom Puddy, wheat marketing manager for Perth-based CBH Group’s export division said by phone today. Shipments rose to 1.6 million tons in July from 1.2 million tons in June, according to Australian Bureau of Statistics data.