So, adverse weather in June was observed in almost all areas of the grain belt, while in some regions the drought has reached a critical level in the history of the country.

According to forecasts of the National Bank of Australia in 2017/18 MG is expected to decline in wheat yield of more than 3 times compared to last season. In the result, the gross yield could drop to 23.3 million tonnes, more than 10 million tons relinquish the record 2016/17 MG (35 million tonnes) and 1 million tonnes – an average annual result over the past five years (24 million tonnes).

However, according to analysts, if the weather conditions stabiliziruemost, the price of grain will decline.

Photo: planeta.moy.su