Australia: Grain and Feed Update
Link to report:
FAS/Canberra forecasts Australian wheat production of 31 (million metric tons) MMT in MY 2020/21, the second highest on record, and more than double the previous year’s drought-affected estimate of 15.2 MMT. Exports are supported by strong international prices and are forecast at 21 MMT, which if achieved would be the third highest result ever. Barley production is forecast at 11.5 MMT, which would also be the second highest on record. Not all parts of eastern Australia recovered from drought during 2020, and continued dryness in parts of Queensland is limiting the FAS/Canberra forecast for sorghum production to 1.2 MMT, around 78 percent of the previous 10-year average. For rice, water catchments are yet to fully recover from the drought which is limiting the expected production recovery. Rice production is forecast at 400,000 MT in 2020/21, still over ten times last year’s level, but 90 percent of the last 10-year average.
