China’s scrutiny worrisome, but new markets in sight
Stiff competition with Black Sea to persist
Domestic challenges remain
Singapore —
Optimism from an anticipated record Australian wheat crop, estimated to be the country’s second-largest, is likely to outweigh trade concerns from troubled Australia-China relations in the first half of 2021.
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Australia’s wheat market is set to welcome the new year with a positive outlook as cargoes are priced to attract ample export demand.
Despite price pressures from prospects of an improvement in wheat production, Australia has benefited from the recent rally in Russian wheat prices, which was driven by dry weather conditions and wheat…
