The Australian Wheat Board has adjusted its wheat output forecast for the year ended 31 March down to 9.5-10 million tonnes.
Go deeper with GlobalData
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.
The US Department of Agriculture has issued forecasts broadly in line with the latest estimate from the Wheat Board.
On a brighter note, the Board said that the quality of its wheat had not been compromised, commenting in a statement: “The harsh season has failed to impact on wheat quality with above-average protein and low levels of shrivelled grains recorded.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
