USDA Grain and Feed Annual: Good Crop Forecast For Australia, But After Record-Setting Year, There's No Place For Numbers to Go But Down

Canberra, AU — Australia's grain crop for marketing year (MY) 2022/23 is expected to be another big one but will not achieve the high crop production levels reached in MY 2021/22.

According to the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA), favorable conditions at the time of winter grain planting bodes well for another large planted area of wheat and barley for MY 2022/23.

But production of both crops is projected to be less than the record-setting winter crop and strong summer crop production of the previous marketing year, thus exports are also forecast to be down from record volumes anticipated this year.

Sorghum production and exports are also forecast to decline in MY 2022/23 after making big gains and achieving record yields and exports in MY 2021/22.

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