Australia: Grain and Feed Update
Post forecast Australian wheat production at 21.5 million metric tons (MMT) for 2017/18 reflecting the late and significant improvement in seasonal weather conditions across parts of the State of Western Australia and eastern parts of the country. Barley production is forecast by Post at 8.5 MMT as a result of timely rainfall and milder than expected conditions. Post also expects sorghum production to rebound to 2 MMT due to an increased harvested area and better weather conditions in southern Queensland. Rice production is also expected to slightly increase to 0.8 MMT in 2017/18 as sufficient water is expected to be available.
