As Australian farmers were harvesting crops, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) pegged production of the country's largest rural export at 15.85 million tonnes, down nearly 18 percent from its previous estimate in September of 19.2 million tonnes. | Reuters photo

Australia cuts 2019/20 wheat production forecast by nearly 20% due to drought

SYDNEY, (Reuters) – Australia on Tuesday cut its wheat production forecast by nearly 20 percent for the year through June 2020, as an unrelenting drought across the country’s east coast will likely see output fall to an 11-year low. As Australian farmers were harvesting crops, the Australian Bureau of Agricultural and Resource Economics and Sciences […] Read more

Drought brings clouds for Australia wheat, silver lining for Black Sea suppliers

SINGAPORE/SYDNEY, Sept 4 (Reuters) – A third straight year of drought in Australia, blighted by forecasts of below-average rains during the crucial spring growing season, means the country’s wheat crop could shrivel by 10 percent from previous forecasts, traders and industry officials say. And the gloomy prospects for wheat output in Australia, once the world’s […] Read more

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) on Tuesday said wheat exports would total 11.7 million tonnes in the crop year beginning in July, down from its previous estimate in March of 14.2 million tonnes. | File photo

Australia lowers wheat export forecast by 18% as drought hits supply

SYDNEY, June 18 (Reuters) – Australia on Tuesday lowered its forecast for wheat exports over the 2019/20 season by nearly 18% as a drought wilts crops in the world’s No.4 exporter of the grain. That comes after Australia’s chief commodity forecaster last week cut its production forecast for the 2019/20 harvest by more than 11% […] Read more



Australia’s east coast wheat avoids large-scale quality downgrades – traders

SYDNEY, Nov 10 (Reuters) – Heavy rains that hit Australia’s east coast last week are not expected to cause large-scale quality downgrades to wheat across the nation’s second-largest producing state, traders said on Tuesday. As much as 100mm of rain fell across New South Wales, data from the Australian Bureau of Meteorology shows, stoking fears […] Read more