Rain delays wheat harvest in Australia

In parts of Australia, the wheat harvest is currently delayed due to rain. As a result, there is the danger that some supply agreements by the world's fourth largest wheat exporter about failure can be met after India and Indonesia.
In the expectation of a fast bumper crop of 30 million metric tons exporters had sold already November and December wheat of the new harvest for months. Now, rain in Eastern Australia and frost in parts of Western Australia delayed the harvest. Given a delay of two to three weeks, farmers hope forcefully on dry weather conditions.
Regular customers in Indonesia, the world's second-largest wheat importer, and India, which is self catering, waiting for the first arrivals from the new Australian wheat harvest.
The Frost in the West of the continent caused crop damage in the order of 15%. The old crop is consumed on 5 to 7 million tonnes. Shortages could arise in domestic if not soon we go with the harvest. Aging Tiger wheat was traded this week with 260 USD/tonne carriage Melbourne.

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