According to the forecasts of Rabobank, during the current planting season, grain crops will be sown on 22 million hectares sowing Area of barley will be reduced by 10%, oats – also by 10%. Sowing area of wheat will remain unchanged, despite the low prices.

A strong influence on the future crop will have rainfall in the next few months. According to many climate models by September. can develop the climatic phenomenon El niño, which brings drought to Eastern Australia. A positive phase Indian ocean dipole can cause lack of moisture in the West of the continent.

Good news for Australian farmers is the expected depreciation of the local currency against the U.S. dollar, which will lead to an increase in domestic grain prices.

Last year thanks to good weather conditions Australia has collected a record harvest of winter crops. Gross harvest of wheat and barley were the biggest in history – 35 million tons and 13.4 million tons, respectively.

Photo: agrarian.com