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Forecast for wheat harvest slashed
21 Oct 2004
Australian Wheat Forecasters said that it reduced its forecast for this season’s wheat harvest by 3.6 million tonnes to around 21 million tonnes. Managing director of Australian Wheat Forecasters Brian Bailey said October would "make or break a wheat crop. The overriding factor that has caused us to drop our forecast so dramatically over the last two weeks or so, is just the lack of soil moisture in the profile." AFW forecasts that 8.5 million tonnes will be harvested in new South Wales, while Western Australia is unlikely to repeat last year's bumper crop. AFW expects that WA growers will harvest 6.5 million. Meanwhile Profarmer analyst Denis Wise has also lowered his forecast to 20 million tonnes.
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