Economics

Eastern Australia Set for Wetter Three Months, Boosting Crops

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Grain-growing regions in eastern parts of Australia, the third-biggest exporter, are set for a wetter-than-normal three-month period, boosting optimism output will rebound after dry weather hurt crops last year.

The chance of exceeding median rainfall for July to September is more than 60 percent over most of mainland Australia, except for parts of the coast of Western Australia, the Bureau of Meteorology said today. Parts of northern Victoria and southern New South Wales, last year’s biggest wheat grower, have a more than 80 percent chance of a wetter three-month period, it said.