August 28, 2007

Australian grain stocks down 25 percent on-month in July
 

Total grain stocks held in storage facilities operated by Australia's major bulk grain handling companies fell 25 percent on-month in July to 5.41 million tonnes, the government's Bureau of Statistics reported Tuesday (Aug 28).

Stocks of wheat fell 29 percent on-month to 3.53 million tonnes, barley stocks shed 23 percent to 1.08 million tonnes, while others including oats, triticale, sorghum, pulses and oilseeds were unchanged at 798,000 tonnes, it reported.

Stocks of winter grains typically rise during the harvest late in the calendar year to peak in December, then decline steadily through the year on the back of exports and domestic use.

The collection does not measure total grain stocks held in Australia, as figures from regional or small storage operators are not captured in this series.