News

Wheat production in Australia in 2023/24 MY may be reduced by almost 30%

Wheat
Australia
Published Mar 9, 2023

Tridge summary

ABARES analysts predict a reduction in wheat production in Australia in MY 2023/24 by 28% per year, to 28.2 million tons.

The crop potential is reported to be negatively impacted by a projected drought in the country due to the El Niño weather event.

Against the background of the expected reduction in the harvest, the forecast for the export of Australian wheat in 2023/24 MY is announced at the level of 22.5 million tons (-20% per year).

Also next season, barley production in the country is projected to decrease by 30% per year, to 9.9 million tons, sorghum - by 28%, to 2 million tons and canola - by 35%, to 5.4 million tons.

Original content

ABARES analysts predict a reduction in wheat production in Australia in MY 2023/24 by 28% per year, to 28.2 million tons. The crop potential is reported to be negatively impacted by a projected drought in the country due to the El Niño weather event. Against the background of the expected reduction in the harvest, the forecast for the export of Australian wheat in 2023/24 MY is announced at the level of 22.5 million tons (-20% per year). Also next season, barley ...
Source: Zol
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