Australia’s winter crop production for the 2016/17 season hit record highs in all mainland states with an estimated 58.9 million tonnes (Mt) produced nationally, a 49 per cent increase on the previous year.
Coonamble and Walgett, two neighbouring regions in north-west NSW, have produced wheat crops estimated to total close to two million tonnes.
Pulse and canola crops have been the star performers in a bumper winter crop harvest across Victoria as growers round off a harvest characterised by high yields across all crops, high grain quality, high returns for pulses and oilseeds – but low cereal prices.
There’s no silver bullet on the horizon for the Australian grain industry with revenues forecast to fall 5.5 per cent during 2016-17 to $13.3 billion, according to the latest market research report from IBISWorld.
The world indicator price forecast for wheat of US$182/tonne in 2016/17 is set to be the lowest in 10 years, reflecting an abundance of world wheat supplies, according to ABARES’ December quarter Agricultural Commodities Report.
The Australian cereal crop is destined to break both the wheat and barley production records, but with big crops come many challenges.
Australia’s wheat crop is set to hit a record 33.0 million metric tonnes this season, up 8.5 million on last year, according to the United States Department of Agriculture’s (USDA) December crop report.
The gross value of Australian farm production is forecast to increase by 6.1 per cent, surpassing $60 billion in 2016–17, according to the latest agricultural commodities report from ABARES.
Production estimates for the Western Australian winter crop harvest have been lifted 600,000 tonnes in the past month to 15.688 million tonnes, according to the December crop report from the Grain Industry Association of Western Australia (GIWA).
Headers are making good progress through what is shaping as a record Australian harvest with analysts predicting a 52.4-million-tonne winter crop, an increase of 32 per cent on last season, according to the latest ABARES crop report released today.