Australia: Grain and Feed Update
Link to report:
Drought-breaking rains and an excellent growing season in eastern Australia is expected to result in a sharp rebound in grain production, with Australian wheat production in MY 2020/21 forecast to be up over 80 percent compared to MY 2019/20. Barley, sorghum, and rice production are also forecast to be higher. While wheat production in eastern Australian states such as New South Wales are expected to be at near record levels, continued dryness in Western Australia (typically the largest wheat and barley producing state) is impacting production there. Wheat exports are forecast to nearly double in MY 2020/21, with more Australian wheat expected to flow to key Southeast Asian markets.
