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<br>By Naveen Thukral<br> <br>SINGAPORE, Oct 22 (Reuters) - Robust demand for Australian wheat is quickly filling up shipping slots as importers book cargoes in advance from typically the world's fourth-largest exporter ahead of what is expected to be a second year of near record output.<br> <br>The country's ports are fully booked right up to the end of December for the crop which will be harvested from November onwards, one Sydney-based grains broker and two [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=Singapore-based%20traders Singapore-based traders] told Reuters.<br> <br>"Even January is pretty much done," said one of the sources in Singapore who sells wheat to buyers in Asia.<br><br>"Buyers are now looking at February and March."<br> <br>Australian premium white wheat was quoted at around $370-$375 a tonne, including cost and freight (C&amp;F), to Indonesia for February shipment, up from earlier deals done at around $360 a tonne.<br> <br>Wheat from the Black Sea region has turned more expensive than the Australian grain at $385 a tonne, C&amp;F, due to rising freight costs, they said.<br> <br>Australian forecasters last month raised their wheat production targets to 32.6 million tonnes for the season ending June 30, 2022, which would make it second only to last season's record-breaking harvest of the [https://www.renewableenergyworld.com/?s=country%27s country's] most valuable crop.<br> <br>Australian wheat exports in 2021/22 (July-June) are forecast to be around 23 million tonnes, 37% above the 10-year average, according to the Australian Bureau of Agricultural and Resource Economics and Sciences.<br> <br>Global wheat prices climbed to their highest since 2013 in August on expectations of lower output due to adverse weather in Russia and drought in the United States and Canada.<br> <br>Benchmark Chicago Board of Trade (CBOT) wheat futures were trading at $7.47 a bushel on Friday, not far from the eight-year high of $7.74-3/4 a bushel reached in August.<br> <br>Russian wheat export prices were stable last week after 13 consecutive weeks of growth, the IKAR agriculture consultancy said in a note on Monday.<br><br>(Reporting by Naveen Thukral; Editing by Subhranshu Sahu)<br><br><br><br>When you liked this informative article and also you would like to receive more details about [https://lion4dbet.info/ lion4dbet] generously check out the site.