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- (-) January 2022
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Australia is set for a second consecutive record grain crop following two years of drought. For the winter crops, wheat production is estimated to have reached another record in marketing year (MY) 2021/22 and barley production is expected to be the third largest in history, just slightly behind the previous year.
Australia is a small producer of milk and accounts for about 7 percent of international dairy trade (in milk equivalent terms) down from a peak of 15 percent a few years ago.