Australia: ABARES lifts wheat, canola estimates, trims barley

Published 2024년 3월 4일

Tridge summary

Australia's national forecaster, ABARES, has reported an increase in wheat, barley, and canola production in the recent winter-crop harvest, particularly in Victoria and New South Wales. However, despite this increase, the nominal value of agricultural exports is expected to drop by 14% to $67 billion by June 2024. This decline is attributed to a decrease in domestic crop production and lower international prices for most crop commodities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

AUSTRALIA’S national forecaster has finalised its estimates for the most recent winter-crop harvest, with wheat production seen at 25.96 million tonnes (Mt), barley at 10.8Mt, and canola at 5.68Mt. The figures have been released today in ABARES quarterly Australian Crop Report. “This reflects improved production in Victoria and New South Wales which is estimated to more than offset reduced production in Western Australia,” ABARES said in the report. It said the national winter-crop harvest progressed earlier and at a much faster pace than in recent years. “The earlier start to harvest was driven by hot and dry finishing conditions in Queensland, northern NSW, South Australia and Western Australia. “Widespread rainfall events in November and early summer resulted in some harvest delays across major cropping regions in central and southern NSW, Victoria and parts of South Australia. “The quality profile of the national wheat crop was mixed with a higher proportion of wheat making ...

Source: Graincentral