Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 23, 2012 09:06:28

Wheat harvest in Australia will be the worst in 5 years



ColosseumWheat production in Australia, which is the second largest exporter of the commodity in the world, is likely to fall by 28 percent to the lowest level in the last five years. This is due to the dry weather, which has a negative impact on profitability. Analysts polled by Bloomberg expect that the harvest in the marketing year 2012-2013 should be at 21.2 million tons. Even last month's estimate moved at 23.25 million tons. Official prediction authorities allow harvest of 22.5 million tons. Last year, the harvest was at a record level of 29.5 million tons. and # 160;

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