Tuesday, 13 September 2016
ABARE predicts growth of Australian wheat
Analysts at ABARE updated its forecast for the Australian wheat adjusted for growth
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The Australian Bureau of agricultural and resources Economics (ABARE) raised its crop forecast Australian wheat 24,51 million tons to 28.08 million tons, as weather conditions remain nearly ideal for growing this crop.
This forecast matches analysts ' expectations. If it is justified, Australia will collect the second largest crop in history. Record production of wheat was set in 2011/12 and totalled 29.6 million tonnes.
Translated by service "Yandex.Translation"
Источники:
Reuters
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