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- (-) December 2022
- (-) Australia
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Export prices increased 1-2 percent due to the strengthening of the Thai baht.
Export prices increased 3-4 percent due to new inquiries for new-crop rice supplies ahead of the holidays.
Orange production is expected to decline in Australia in marketing year (MY) 2022/23 to 505,000 metric tons (MT) from an estimated 535,000 MT in MY 2021/22. However, exports are forecast to rise to 180,000 MT from an estimated 145,000 MT in MY 2021/22, due to an anticipated substantial improvement in fruit quality.
Export prices decreased one percent despite the continued strengthening of the Thai baht.
Ethanol consumption in Australia is forecast to remain stable in 2022 at only 1.1 percent of the gasoline pool, and biodiesel is forecast to increase moderately from very low levels but remain at less than 0.1 percent of the total diesel pool. Australia has very large feedstock (grains and molasses) supplies for bioethanol as well as robust supplies of feedstock (canola, tallow and used cooked oil) for biodiesel production.
The forecasts for MY2022/23 rice and corn production remain unchanged from the previous forecasts, as well as corn and wheat import demand.
Export prices increased 1-3 percent due to the further strengthening of Thai baht and new inquiries.
Export prices increased 1-6 percent.