Wheat Exports From Australia Seen Increasing 13%, CBH Says

Wheat shipments from Australia, the world’s third-biggest exporter this year, will probably advance 13 percent in 2013-2014 as higher profits encourage farmers to boost planting, CBH Group said.

Sales may rise to as high as 18 million metric tons in the year beginning November from 16 million tons this year, said Tom Puddy, head of marketing at the country’s largest grain handler, which ships about 6 million tons of wheat a year. Production will expand to 24 million tons from 21.5 million tons, he said.