Compound feed

News last update:14 Jan 2016

Australia expects small decline in wheat price

Australia’s wheat price is forecast to be lower in the crop year 2013/14 due to the large harvest expected. However the drop will not be too big as the shrunken wheat stocks first need to be replenished.

According to a report by Australian Department of Agriculture, Fisheries and Forestry (ABARES), Australia will produce 13% more wheat this season. ABARES expects that even with the increase the price will stay above the average of the last five years.

The demand for wheat increases every year.


Or register to be able to comment.