Australian wheat exports to rise 3pc
Australian wheat exports are expected to rise by 3pc to 15.1m tonnes in the 2009/10 marketing season as similar increases in output are anticipated.
This reflects an increase of almost 5pc in area planted to 13.8m hectares, with yields expected to fall by more than 1pc to 1.57t/ha.
The quantities of wheat available to export should also benefit from lower domestic demand, with a fall of over 1pc to 6.7m tonnes anticipated.
Australian wheat output is expected to stand at 21.6m tonnes in 2009/10, with almost 40pc of the total coming from Western Australia.
The New South Wales region is expected to account for 5.1m tonnes of the total.
Of the two key wheat-producing regions in Australia, Western Australia is by far the most productive, with yields of 1.65t/ha anticipated in 2009/10, compared to 1.26t/ha in New South Wales, where yields are expected to fall by 23pc as rain that arrived in November was too late to benefit winter crops and delayed harvesting.
Meanwhile, although the Ukraine's grain harvest is expected to increase by between 7pc and 8pc this year, the outlook for German wheat production is not positive.
Wheat production in Germany, Europe's second largest producer, is expected to fall this season due to wet weather conditions.