Australian Wheat Exports Seen Up 84%
Australia's 2008/09 wheat exports are seen up 84% in 2008/09 to 13.6mmt, from 7.4mmt in 2007/08, according to ABARE.
In it's latest report released Monday, ABARE say that the country is still on line to produce a wheat crop of 22.5mmt this year provided that the crop gets further spring rainfall.
Australian wheat prices are forecast to average A$325/tonne, down from $362/tonne last year due to global production increases, they say.
ABARE project 2008/09 world wheat production at 672mmt, up from 609mmt.
In it's latest report released Monday, ABARE say that the country is still on line to produce a wheat crop of 22.5mmt this year provided that the crop gets further spring rainfall.
Australian wheat prices are forecast to average A$325/tonne, down from $362/tonne last year due to global production increases, they say.
ABARE project 2008/09 world wheat production at 672mmt, up from 609mmt.
