Australia increases wheat production to 26 million tons in 2023/24 and 28.4 million tons in 2024/25

São Paulo, 03/06/2024 - Australia's winter wheat production is expected to fall 36% in 2023/24, to 26 million tonnes, said the Australian Bureau of Agricultural and Resources Economics (Abares). . The result is 2% below the ten-year average of 26.5 million tons, but above the previous projection of 25.5 million tons. Production in 2024/25 is expected to rise to 28.4 million tons, 7% above the ten-year average until 2022/23. The office also estimates that wheat exports will fall 32% in 2023/24, to 21.8 million tonnes, with lower production, especially in the states of Western Australia and South Australia, which have production focused in export. Despite this, exports are expected to remain above the ten-year average of 18.6 million tonnes, as record production in 2022/23 should support supply. For 2024/25, export volumes are expected to fall to 20 million tons, but remain above average, according to Abares. Regarding global wheat production in 2023/24, Abares states that the ...