Australia: Grain and Feed Update

Post has further lowered its estimate for Australian wheat production to 20 million MT for 2017/18, due to continuing adverse seasonal conditions across most cropping areas. This forecast harvest is over 40 percent below the record harvest of 35 million MT in 2016/17. Barley production is forecast by Post at 8 million MT, the same as the official estimate, as rainfall has been sufficient in cropping areas in southeastern Australia. Post expects sorghum production to recover to 1.9 million MT in 2017/18, the same as the official forecast. The increase is based on an expanded harvest area, timely rain in the cropping window and increased demand for feed grains. Post forecasts rice production at 833,000 MT in 2017/18, slightly below the official estimate due to rising prices for water. 

Australia: Grain and Feed Update