Australia’s 2023-24 wheat crop is likely to be 25 million to 26 million tonnes, a senior executive of Graincorp said March 2, after three years of record production in the world’s second-largest exporter of the grain.
“We are looking at a year of average rainfall,” Michael Jester, the firm’s Asia trading director, said at an industry conference in Singapore.
Australia’s wheat crop is likely to face risks from dry weather due to an El Nino weather pattern in the second half of 2023, a consultancy said March 1.
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“Planting window is between April and June, soil moisture level is good for planting,” Jester said.
Australia, blessed by ample rainfall and higher planting, has produced record wheat crops for three years. In the year through June 2023, wheat production is forecast to reach 36.6 million tonnes, a one per cent increase over the previous record set last year.
