Australia’s big game on the grain market in the 2024/25 season

Published 2024년 6월 4일

Tridge summary

Australian grain growers are increasing the acreage for marginal crops due to favorable weather conditions and optimistic forecasts, with the Australian Bureau of Agricultural and Natural Resources Economics and Sciences (ABARES) projecting increased production of wheat, barley, and rapeseed. The winter crop area is expected to remain historically high, with yields likely to be above average. There is a decrease in planting of canola due to low returns, with growers opting for other crops like wheat, barley, and pulses. The area planted to lentils is projected to reach a record 885,000 hectares in 2024-2025, and there will be an increase in the sowing of lupin, with Western Australia being the largest producer.

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

Original content

The country’s grain growers have increased acreage under virtually all marginal crops during planting, which is underway now, and are counting on favorable weather conditions – at least 23.6 million hectares have been planted in Australia so far, with average to above-average long-term rainfall forecast in most regions, and analysts are issuing optimistic forecasts. The Australian Bureau of Agricultural and Natural Resources Economics and Sciences (ABARES) says in its June forecast that farmers will produce 29.1 million tons of wheat, 11.5 million tons of barley and 5.4 million tons of rapeseed from the crop now being sown – for Australia, it is a winter crop. Australia’s winter crop area is projected to remain historically high in 2024-2025, rising slightly to 23.6 million hectares, 6 percent above the 10-year average and by 2023-2024. Projected increases in winter crop area in Queensland and New South Wales will more than offset declines due to drought conditions in Victoria, ...

Source: UkrAgroConsult