Australian grain harvest reached record levels - harvest is in full swing The Australian harvest 2016/17 is according to the most recent estimates of the Australian Department of agriculture reached a record profit of 52 million tonnes . Multi-annual average, Australian farmers achieve orders of magnitude between 25 to 45 million tonnes. In the southern hemisphere winter grain harvested is regularly in the Nov/Dec of the year. The Australian winter crop production is highly dependent on the rainfall. A La Niña weather conditions prevailed in this year, which has delivered unusually high rainfall for the southeastern region. However, the Western region has damage caused by frost damage information. Mit rd. 32.6 million tonnes of wheat is the dominant fruit dar. The barley crop is estimated to be 10.6 million tonnes. Oats reached 1.8 million tonnes. The canola crop is to achieve above-average 3.5 million tonnes. Spring wheat consists of sorghum with approximately 1.4 million tons and 0.5 million tonnes maize. The Australian engineer is on the export oriented. More than two-thirds of the harvest runare normally. This year, the export pressure will be unusually high. Alone 20 million ton wheat are looking for buyers. The global market situation in 2016/17 is already characterized by a high supply situation in the areas on the northern hemisphere. For Australian exports, it will be difficult to implement in full their exports. The long transport routes in particular of the southern ports to the potential importers are unfavorable. One would expect greater overlapping stocks. For international grain prices , the Australian crop means a further reduction in price, which is already looming. In any case, it is assumed that upcoming little price room after half of above is for.
