Business Maverick: Australia sees wheat exports plunging 20% on drier climate

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Australia, the world’s second-largest wheat exporting country, is likely to see shipments slump 20% from record levels in the coming financial year as production tumbles because of a shift to a drier climate pattern.

March 7, 2023

Australia sees wheat exports plunging 20% on drier climate by Bloomberg, Daily Maverick March 7, 2023 Exports will probably fall to 22.5 million tons in 2023-24 from an all-time high of 28 million tons a year earlier, while output is set to decrease to 28.2 million tons from 39.2 million tons, government forecaster Abares said. The figure for the harvest just completed is up from 36.6 million tons estimated in December. Planting for the coming crop only gets under way in April.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

 

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