Freekeh is an ancient strain of wheat that hails from the Middle East. Named as one of the top 100 foods of 2017, our Freekeh is made from Australian grown soft, young durum wheat grain.
This seasons wheat crop, now predicted to be Australia’s biggest ever, could reap $6 billion in export earnings as grain flows back into traditional and rarely accessed markets.
The global freekeh market size has the potential to grow by USD 140.85 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 3.65%. The health-promoting benefits of freekeh and growing demand for ethnic cuisines worldwide are factors anticipated to boost the growth of the market.
Australia, which went through three straight seasons of weak production from prolonged dry conditions, is expected to produce 30 million MT of wheat in 2020-21 (October-September), up from 28.5 million MT estimated previously, and 97.4% up from last year’s output levels, according to the agency’s World Agricultural Supply and Demand Estimates report.
Australian wheat exports are forecast to reach around 21 million tonnes in 2020–21, more than double 2019–20 exports. The US Department of Agriculture estimates that exports will be at 5.3% from November projections. Signalled competitive prices are expected to open up new market opportunities for the country.
Improved seasonal conditions have resulted in significantly higher production and lower domestic feed use. Ideal seasonal conditions in New South Wales, Victoria and South Australia are forecast to result in above average yields, particularly in New South Wales. This is forecast to be partially offset by less favourable seasonal conditions in Queensland and Western Australia, where limited spring rainfall has reduced yield potential.
Our Australian Producers are world leaders in freekeh production, exporting to 19 countries in North America, South America, Europe and Asia. They are also a world leader on scientific research on green grain. Read more on our Freekeh here!
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