AUSTRALIA: Wheat Board predicts output will fall by half in current crop year
The Australian Wheat Board has adjusted its wheat output forecast for the year ended 31 March down to 9.5-10 million tonnes. The drought situation affecting much of the country's wheat-growing area is the largest factor in the downturn. In the last crop year Australia reported output of 24 million tonnes. The Wheat Board has revised down its estimated output a number of times since the drought began.
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