In 2023/2024 MY wheat harvest in Australia will decrease by 29%

Published 2023년 6월 23일

Tridge summary

For the 2023/2024 marketing year, wheat harvest projections for Australia are down by 0.5 million tons, totaling 29 million tons, as per Refinitiv Commodities' analysts. This forecast is a significant decrease from the previous season's harvest of 39.7 million tons, largely due to heavy rains that caused damage to grain crops in vital production areas, including Victoria, Western Australia, South Australia, and southern New South Wales. The country is also experiencing drought in its central and northern regions, with expectations of heatwaves in areas that recently experienced rainfall, further complicating the agricultural situation.

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

Original content

In 2023/2024 MY, according to the forecast of analysts of Refinitiv Commodities, wheat harvest will decrease in Australia. It will be lower by 0.5 million tons. In general, 29 million tons of this grain will be harvested from the fields. In the previous season, the wheat harvest was higher by 10.7 million tons and reached 39.7 million tons, KazakhZerno.kz writes. Before spreading the forecast for the Australian wheat harvest, analysts analyzed the situation in the country. They believe that he was under threat due to heavy rains that hit key production areas for about 2 weeks. Grain crops were affected in Victoria, Western Australia, South Australia and southern New South Wales. While heavy rainfall is observed in ...

Source: Kazakh-zerno