Australia’s Wheat Crop Outlook Raised to Third-Largest on Record
Australia is one of the world’s largest exporters of wheat, alongside Canada, Russia and the US.
Photographer: David Gray/BloombergAustralia is expecting to harvest its third-largest wheat crop on record in the current season, likely exacerbating a global supply glut of the important grain.
The year’s harvest is forecast at 35.6 million tons, according to the Department of Agriculture’s December quarterly report, almost two million tons higher than the previous survey and just narrowly missing its 2022-23 record.