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Rain brings chance of bumper crop
28 Apr 2008
The Australian Bureau of Agricultural and Resource Economics is predicting that, as long as there is rain across the grain belt over the next month, the wheat crop will come in at around 25.9 million tonnes. This would be the second largest crop on record and, while global grain prices have eased from the peaks achieved last month, the AWB will offer between $400 and $420 per tonne compared with a long-term average of $200. Patchy showers fell in many areas of the south-east over the weekend with Anzac Day considered the start of the planting season.
The Australian, 28/4/2008
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