PARIS (Reuters) - Australian farmers are on their way to harvest a record 34.4 million tonnes of wheat this season, said the country's leading commodities analyst, as he raised his official estimate for the 2021/22 crop. Expected production would be 3% above the previous record volume in 2020/21, said the Australian Office […]
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PARIS (Reuters) - Australian farmers are on their way to harvest a record 34.4 million tonnes of wheat this season, said the country's leading commodities analyst, as he raised his official estimate for the 2021/22 crop. Expected production would be 3% above the previous record volume in 2020/21, said the Australian Bureau of Agricultural Sciences and Economics (Abares). The agency predicted in September that the new crop would be the second largest ever recorded after 2020/21. The prospect of increased production reinforces expectations of abundant yields in the Australian crop, although Abares also echoed market concerns about the damage caused by rains on crops. Heavy rains in November delayed harvests and will likely result in degraded crop quality in some areas, it said in a report. Rapeseed production was also ...
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