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Despite a generous export subsidy aimed at moving 2017/18 sugar off the domestic market, stocks continue to rise as only 1 million metric tons of sugar that are expected to be exported....
Post forecast Australian wheat production at 24 million metric tons (MMT) for 2018/19, while barley production is expected to reach 9.5 MMT due to higher commodity prices....
Australian sugar cane production is forecast to be stable at 34 million metric tons (MMT) in 2018/19, similar to last year.
Australia normally produces over 5 million metric tons (MMT) of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of total production.
In 2018/19, Post forecasts Australian cotton production to reach 4.7 million bales from a harvested area of 450,000 hectares.