Australia sees strong ASEAN wheat demand<\/p>\n
CANBERRA (Reuter): South East Asia provided an important
\nexport market for Australian wheat with strongest future growth
\nin demand seen coming from Thailand, Vietnam and Indonesia, the
\nAustralian government's commodity analyst said.<\/p>\n
The Australian Bureau of Agricultural and Resource Economics
\n(ABARE) said import demand from the Association of South East
\nAsian Nations (ASEAN) was projected to rise to 12.3 million
\ntons by the year 2000 and to 12.39 million tons by 2010 from an
\nannual average of 8.17 million tons in 1993-95.<\/p>\n
It said Australia was well placed to supply these markets and
\nin 1993-95 sales to ASEAN countries accounted for 22 percent of
\nall Australian wheat exports.<\/p>\n
\"But the extent of benefits to the Australian industry will
\ndepend both on its ability to provide the products most required
\nby these markets and on competition from the countries which
\nsubsidize production and exports,\" ABARE said.<\/p>\n
ABARE said the Uruguay Round of the General Agreement on
\nTariffs and Trade (GATT), which aimed to increase trade
\nliberalization, was not likely to have a significant direct
\neffect on ASEAN wheat trade with imports relatively unimpeded.<\/p>\n
But it said that if the U.S. used its Export Enhancement
\nProgram (EEP) to court previously untargeted markets which were
\nimportant to Australia, it would reduce the expected benefits to
\nAustralia from reductions in export subsidization under GATT.<\/p>\n
\"With continued expected rapid growth in demand for wheat,
\nASEAN countries, including Indonesia and Malaysia, could be
\npotential new targets for EEP sales,\" it said.<\/p>\n
ABARE said the economies of all ASEAN countries were likely to
\nbenefit from the Uruguay Round.<\/p>\n
The higher economic growth which resulted would increase
\ndemand for wheat.<\/p>\n
\"However, the reduced distortions to wheat production and
\ntrade globally as a result of the Uruguay Round are likely to
\nincrease the prices paid by ASEAN countries for wheat imports,\"
\nthe report said.<\/p>\n
Australia has been wooing markets in Asia by developing white
\nwheats particularly suited to the production of noodles which
\nAsian countries prefer to the red varieties of North America.<\/p>\n
Australian exports to ASEAN countries are predominantly of
\nbulk unmilled wheat although the Australian processing industry
\nenvisages opportunities to expand exports of noodles and baking
\npre-mixes.<\/p>\n
But ABARE said Australia's penetration into ASEAN markets was
\nalso under threat with the U.S. and Canada also developing white
\nwheat varieties to meet specific market requirements.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australia-sees-strong-asean-wheat-demand-1447893297",
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"sponsor": "Okusi Associates",
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