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Wheat Export Opportunity to the New Zealand Market
Wheat Export Opportunity to the New Zealand Market

There is potential for U.S. exports of wheat to New Zealand, despite strong wheat prices in the United States. New Zealand is forecast to face shortages in wheat, and to a lesser extent other grains, during 2007. This is the result of high Australian wheat prices and a large decline in Australian wheat exports forecast for 2007. With Australia accounting for 95 percent of New Zealand’s wheat imports in 2006 by weight, a large decline in Australian exports has the potential to greatly affect the New Zealand industry. It is unclear how significant New Zealand’s wheat shortage will be. Many importers are closely watching the Australian market to assess what volumes and types of wheat they will need to source from alternative suppliers. Some have already organized shipments with U.S. suppliers, while others are putting this off until they are certain of the volumes they will need to import from elsewhere. The main options for New Zealand importers besides the United States are Western Australia (see explanation below) and Canada. Australia’s close proximity to New Zealand relative to the United States gives it a clear advantage. High freight costs, due to New Zealand’s distance from the United States, is the main factor affecting the price competitiveness of U.S. exporters. As such, only small volumes of wheat have been sporadically imported into New Zealand from the United States in the past. While there are small shipments of wheat from Canada, these are mainly specialized varieties. New Zealand’s domestic production is forecast to increase only slightly, despite the forecast gap in the market. These factors create potential opportunities for U.S. exporters.
MGR Archive 4.3.2007
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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