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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.
Australian cotton production is forecast at 2.2 million bales for 2019/20.
Australia has proven to be an appealing and profitable market for U.S. companies for many years.
Post forecasts 2019/20 canola production to rebound to 3.7 million metric tons (MMT).
Australian sugar cane production is forecast to be stable at 34 million metric tons (MMT) in 2019/20.