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Rabobank has lowered the forecast of wheat production in Australia
Rabobank has lowered the forecast of wheat production in Australia to 20.9 million tonnes, 14 million tonnes less than the harvest last season and the lowest production in a decade
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The October USDA forecast is 21.5 million tons, the International Grains Council – 20.5 million tons, the Australian agencies ABARE 21.6 million tons.

However, due to the high initial stocks, Australia, in season 2017/18 will be able to export 17 million tons, experts say Rabobank. The October forecast Australian exports USDA is at the level of 18 million tons the International Grains Council is 17.6 million tonnes, the Australian agencies ABARE 18.5 million tons

Photo: magro.ru



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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