The ACCC «invites submissions from interested parties in the bulk
wheat export industry on Viterra's application to extend and vary its 2011 Port Terminal Services Access Undertaking.»
The ACCC's current role replaces its previous function of assessing Part IIIA access undertakings provided pursuant to the now - repealed
Wheat Export Marketing Act 2008 (Cth).
The ACCC «s first Bulk Wheat Ports Monitoring report was released on 15 December 2016 and examines bulk
wheat export shipping for the shipping year 2015/16.
Australian wheat exports have slowed to a trickle as traditional markets in Southeast Asia turn to cheaper alternatives.
Australian Crop Forecasters founder Ron Storey
said wheat exports were likely to drop by up to 40 per cent to about 16 million tonnes with prices similar to the previous year.
The record large 2016 - 17 wheat crop of 33.5 million tonnes was 9 million tonnes bigger than the previous harvest while October to
December wheat exports were close to unchanged on a year ago.
Does that clause not apply to exports outside of the United States as opposed to interstate trade (ex:
KS wheat exported to Colorado)?
The Australian Wheat futures contract — which reflects the prices
of wheat exported from Australia — adds another product to CME Group's global coverage of the wheat prices, across the U.S. and European and Asia - Pacific regions.
The ACCC released its second Bulk Wheat Ports Monitoring report on 13 December 2017, which assesses the bulk
wheat export shipping activities for the 2016/17 shipping year.
«These arrangements have been very important in promoting a competitive bulk
wheat export industry, and in allowing Australian grown wheat to be sold to a variety of international markets and buyers,» Mr Sims said.
The ACCC «is seeking comment from interested parties in the
bulk wheat export industry on Viterra's application to introduce long term agreements for shipping at its six South Australian wheat port terminals.»
It replaced the previous wheat port access regime under
the Wheat Export Marketing Act 2008 (WEMA).
For more information, see
the wheat export projects page.
«In an environment where regulation may be moving to the use of a mandatory code, it will be important that policy makers ensure the regulatory settings are appropriate to ensure the right market outcomes in bulk
wheat export, and that access to important bottleneck infrastructure continues to be effective.»
Fears of a shortage led Russian and Ukrainian officials to impose controls on
wheat exports.
The U.S. is currently the world leader when it comes to
wheat exports.