Economics
Australia Predicts Bigger Wheat Crop After Autumn Rainfall
- Western Australia, Victoria may harvest more wheat in 2016-17
- Rain in May, June improved soil moisture in time for sowing
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Australia increased its wheat production estimate by 3.6 percent after recent rainfall improved soil moisture in time for winter-crop sowing.
Output is set to total 25.4 million metric tons in 2016-17, the Australian Bureau of Agricultural & Resource Economics & Sciences said in a report. That compares with a previous estimate of 24.5 million tons and 24.2 million tons harvested a year earlier, the Canberra-based bureau said.