Australia: Grain and Feed Update
Post forecast Australian wheat production at 17 million metric tons (MMT) for 2018/19 due to hot conditions and low rainfall in eastern Australia. Barley production is forecast to decline to 7.3 MMT due to poor seasonal conditions. Sorghum production has been revised up to 2.2 MMT in 2018/19, in response to recent expansion in planting area. However, as these cropping regions have very low soil moisture, rainfall is necessary to produce a good crop for the season. Rice production is expected to fall sharply to 0.11 MMT in 2018/19 as water prices soar.
