Australian wheat farmers are predicted to harvest 23.7 million tons for the 2018-19 crop, a 12% YoY increase, according to the Australian Bureau of Agricultural & Resource Economics & Sciences (ABARES). However, grain shippers in the Australia and Black Sea region continue to dominate the South Asian market, prompting a 3.2% drop Australian exports to 16.3 million metric tons in 2018-19, ABARES estimated.
Australian wheat farmers are predicted to harvest 23.7 million tons for the 2018-19 crop, a 12% YoY increase, according to the Australian Bureau of Agricultural & Resource Economics & Sciences (ABARES). However, grain shippers in the US and Black Sea region continue to dominate the South Asian market, prompting a 3.2% drop Australian exports to 16.3 million metric tons in 2018-19, ABARES estimated.