Australia: Grain and Feed Update

Australia’s barley production is forecast to reach a record level in MY 2025/26, while wheat production is projected to be the third highest on record. Southern Queensland and northern New South Wales are experiencing exceptional seasonal conditions, resulting in well above-average yields, while Western Australia is on track to challenge its wheat and barley production records. Southern New South Wales, Victoria and South Australia expect much improved production after selected areas experienced drought and frost damage in the previous season. The sorghum crop has had a patchy start, but with good subsoil moisture reserves, growers are optimistic and awaiting further rainfall after a dry October. The outlook remains positive, with above-average rainfall forecast for the coming months. In contrast, rice production and exports are forecast to decline sharply in MY 2025/26 due to severely reduced irrigation water availability and high tradeable water prices.