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The forecast of wheat exports from Australia increased to a record level
Intelligence Bureau ABARES raised its forecast of wheat exports from Australia this season on 400 thousand tons
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Current predictive value reached a record 22.8 million tonnes against the maximum for the whole history of the gross grain harvest, according to Reuters.

As expected, export growth will contribute to high demand for Australian milling wheat from China and especially India, where, in addition to reducing the total yield of wheat was observed and the deterioration of its quality.

However, according to experts, in 2017/18 MG wheat exports from Australia could be reduced by 8.4% to 20.9 million tons due to the expected decline in grain production in the country.

Photo: ok.ru



Translated by service "Yandex.Translation"
Источники: Reuters
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