CANBERRA, AUSTRALIA — The Australian Bureau of Statistics (ABS) announced on May 2 that at the end of March 2011 Australia's bulk storage of wheat grain was estimated at 18.7 million tonnes, a decrease of 1.6 million tonnes compared to February. Stocks are still 33% higher than March 2010.

ABS reported that the wet harvest season resulted in a lower quality yield of wheat grain for March 2011. Of the total wheat grain stored by bulk grain handlers, 55% (or 10.3 million tonnes) was milling grade and 45% (or 8.5 million tonnes) was feed grade. This compares to 86% for milling and 14% for feed in March 2010.

Wheat grain stored by bulk grain handlers decreased in all states in March 2011, when compared to February 2011.

The most significant reduction was in South Australia with 526,000 tonnes (10%). New South Wales and South Australia had the largest amounts of wheat grain stored by bulk grain handlers with 6.7 million tonnes and 4.6 million tonnes respectively.