Tuesday, February 15, 2011

Good harvests despite Australia's bad weather




Sydney - Wheat farmers on Australia's battered east coast are expecting a good harvest despite record flooding from an unusually fierce cyclone season.
Official figures released Wednesday put the expectation of the nation's winter crop at 42.1 million tons, only 1.1 million tons lower than the forecast in December before the wild weather hit.
A good wheat harvest in Australia, the world's fourth-largest exporter, would alleviate global worries of grain scarcity this year.
Australian Bureau of Agricultural and Resource Economics and Sciences Director Paul Morris said the estimates were up 19-per-cent on last year's harvest and could be the highest total in six years.
'We found that rainfall had a dramatic impact on quality, but we're still expecting a high crop,' Morris said. 'Since then, continued flooding and heavy rains have knocked around volumes and pulled down the wheat number.'
But some of those losses were made up for by raised expectations on the drought-plagued west coast. The west-coast wheat belt is expecting to harvest 7.4 million tons this year against 9 million tons last year.
Cotton production is forecast to reach a record 839,000 million tons while rice production is expected to increase to 802,000 tons.
 
Read more about Australia Markets
Feb 15, 2011, 23:47 GMT 

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