Dec. 2021: Australia expects a surprising record harvest The harvest delayed by rainfall in Australia is currently estimated by the local Agriculture Office at a record level of over 63 million t . After several previous years with bad harvests due to drought, a super harvest is expected for the second year in a row. The reasons for this lie in both a larger area under cultivation and a higher area yield. Only the precipitation in the late harvest period led to a loss of quality. The winter seed harvest consists of 34.4 million t of wheat, 13.3 million t of barley and 5.7 million t of rapeseed. The result of the summer sowing is just below the 5 million t line . The largest increases in production were achieved in Western Australia and New South Wales. On average over the years, approx . 60% of the harvest is exported . In the current year, exports are likely to be even higher. In any case, the world market is receptive.On the stock exchanges , the news led to corresponding price drops . Paris wheat prices fell by 3.5% and corn prices by 7.5% . On the Chicago stock exchange , prices fell between 3% and 8%.
