Australia: Grain and Feed Update

Australia is set for a third consecutive record grain crop, and strong exports. Wheat production is estimated to have reached a record 37 million metric tons (MMT) in marketing year (MY) 2022/23, while barley is estimated to achieve 13.5 MMT of production, the fourth largest on record. The wheat and barley results were strongly supported by near ideal conditions in Western Australia and South Australia, but this was partially offset by excessive rains in much of the grain-growing regions of New South Wales and Victoria in September and October 2022. Wheat exports in MY 2022/23 are forecast to reach a record 28 MMT. For the summer crops, sorghum production in MY 2022/23 is estimated to achieve 2.9 MMT and, if realized, would be the third largest on record. The rice production forecast has been severely impacted by excessive rains in the lead up to planting, resulting in only around half of the area planted from what was previously expected.