As you know, in Australia, the grain yield sufficiently depends on the amount of precipitation. In connection with the may-June rains, the expectations for the crop are much improved. According to the forecasts of meteorologists, the weather in the country in the coming months will be favorable.

It is expected that wheat crop from October 2016 to November 2017 will reach 26 million tons, 1.5 million tons higher than last year and the gross yield of barley may be 9 million tons (+ 0.4 thousand tons in the previous year).

Exports of wheat may only be increased by 500 thousand tons and to reach 17.5 million tons. This forecast is due to strong competition from other exporting countries. Low freight rates offset by the geographic advantage of Australia to the Asian markets. The competitiveness of Australian grain was shattered by the high costs of shipment to foreign ports.

The volume of imports of barley, according to the forecast, will increase by 0.5 million tons to 6 million tons. Australian exports of barley will face serious competition in the middle East (Saudi Arabia, Kuwait and UAE), where the black sea exporters of barley, including Ukrainian, was able to strengthen its position. Accurate assessment of volume demand for Australian feed barley in China, analysts do not give, referring to the possible factors that could have an impact on the Chinese market of feed barley. Among these factors distinguish a new import restrictions, deystvuuschie in China. The most promising market for Australian malting barley is Vietnam, experts say.