11.
12.17
13:34

Cereals: less supply pressure from Australia

Australia's grain harvest: 40% less after a record bumper harvest last year. Australia's winter crop harvest takes place regularly in Nov./Dec of a year . It comes to the function of the connection supply to the results of the harvests in the northern hemisphere. As a rule, 60 to 70% of the grain is exported. The wheat forms a clear focus. The Australian harvest results are subject to strong weather-related fluctuations.The two weather phenomena El Niño and La Niña give alternately with dryness or too much rain the tone. In the previous year, sufficient precipitation, especially in the southeastern part, resulted in an unprecedented record harvest of almost 60 million tonnes.For the current year 2017/18 estimates the Australian Ministry of Agriculture (abares) a result of below-average scarce 35 million t. The cause of this weak crop was too little rainfall in the first phase of vegetation development.In the still ongoing harvest season, there was heavy rainfall in southeastern parts of Australia with more than 200 mm of precipitation, which led to volume reductions and quality losses. The western part had already been harvested at over 40%. The strong crop fluctuations get predominantly the more weather- prone southeast region , while the western growing area is less subject to major fluctuations.Although this year's Australian export volumes are limited, they still benefit from the high overhang inventories of the previous year's record harvest. Overall, however, there will be little supply and price pressure this year emanating from Australia. Among other things, this perspective gives reason to see more room for further price developments in the rest of the grain year .

ustralia

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