Australia: Grain and Feed Update
Link to report:
Australia’s wheat harvest in MY 2019/20 is estimated to have been the smallest in over a decade, and about 40 percent below the 10-year average. As a result, wheat exports are expected to fall for the third straight year. Sorghum and rice production are also anticipated to be the lowest level in decades, with decreased planted area. For sorghum, continued drought in the key growing area and a severe lack of soil moisture throughout nearly all of the planting season has cut area. For rice, very high water prices have eliminated many farmers incentive to grow rice.
