Australia's wheat production for the main winter crop slightly exceeded expectations, but the quality was varied due to rain damage. ABARES raised 2023-24 estimates for wheat and canola, with crops in Victoria and NSW affected by rainfall. In India, wheat and rapeseed crops were severely impacted by rain before harvesting, leading to reduced output and reserves.
'Untimely rainfall & hailstorms have battered winter-sown crops, including wheat, rapeseed, & chickpeas in India's main producing areas [after]Hot & unseasonably warm weather cut India's wheat output in 2022 & 2023, leading to a sharp drawdown' in reserves https://t.co/g39LYhPyMg
ABARES Executive Director Jared Greenville says Australia’s agriculture sector brings in a “fairly outsized impact” in terms of the country’s export revenues while playing a “small part” in GDP. https://t.co/s84AiGOAFe
India's wheat, rapeseed ravaged by rain just before harvesting https://t.co/DqDxlYD2lp https://t.co/GFWQ8LTtte
#Australia’s Wheat Production Slightly Higher But Quality Mixed ABARES marginally boosts 2023-24 estimates for wheat, canola Rainfall during harvest in Victoria, NSW damaged some crops https://t.co/xiidc1zDEc
Australia’s wheat production was slightly higher than expected following the harvest of its main winter crop, but the quality was mixed after rain damaged some grain https://t.co/H7HpEgCRJ6