News last update:6 Aug 2012

Australian grain intake to double last years

Harvests of grains in Australia have considerably improved since last year. Intake is expected to double.

According to GrainCorp Ltd., eastern Australia's largest grain handler, its intake of winter crops may be more than double the amount it received from the previous summer and winter seasons combined.

It is expected that farmers will deliver between 7.5 and 10 million tonnes of winter crops including wheat, canola and barley.

Graincorp received 4.6 million tons in total from the previous winter and summer harvests combined.

"Crop conditions in central and southern Queensland, northern and central western New South Wales and across most of Victoria indicate that tonnages harvested in those areas may be close to or slightly above long term averages,'' GrainCorp said in the statement.

"Southern NSW and the Riverina regions had not received good spring rain, and as a result crop condition and yield potential was deteriorating.

"Final grain production figures across the grain belt will be determined by conditions for the remainder of the growing season and favourable harvest conditions,'' it said.

Australia's winter crop output is forecast to rebound 57% from last year's drought reduced harvest to 35 million tons of all grains, the government forecaster has said.

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