Australia: Harvest expectations improve on the back of better weather conditions

The Grain Industry Association of Western Australia (GIWA) August Crop Report has just been released with an increase in the crop production estimates for two of the port zones since last month, thanks to favourable weather conditions. The current estimate is for the 2024 harvest to produce 17,438,000 tonnes, but the outlier, as always, is how the weather conditions pan out for the rest of the growing season. In comparison to the July report, the Kwinana port zone estimate is significantly up from 6,992,000 tonnes to 8,192,000t, with Geraldton zone's slightly increased, Albany zone remains the same and Esperance zone is lower. All individual crop estimates have also risen, with the exception of canola, with wheat now predicted to be more than 10mt. The estimates totals are for whole farm production and includes onfarm seed and feed requirements, as well as trade outside of the CBH Group network. GIWA reported that recent conditions have seen crops move ahead in recent times and ...