Australia to increase wheat and barley crops
Plans to increase wheat and barley acreage and reduce canola plantings in Australia in 2024/25 are linked to favorable weather conditions and growing demand from China. Area under wheat is projected to increase by 1-3% and barley by 3-15%, while canola plantings could decline by 4-20% due to low yields and drought conditions in the west of the country.
The wheat crop is forecast to yield 26 to 29.9 million tons, barley 11.5 to 12.8 million tons, and canola production is projected to drop to 4.6 to 5 million tons next season.
Read also
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon