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Australia to Harvest Second Biggest Wheat Crop on Record

Wheat production during the 2020/21 season will total 31.17 million tonnes

Cereals wheat Kodq FQJL 960 640

Australian farmers are on track to harvest their second-biggest-ever wheat crop after years of drought, as the country’s chief forecaster raised its production estimate on Tuesday by nearly 10% to more than 30 million tonnes because of favorable rainfalls, reports Reuters.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said wheat production during the 2020/21 season would total 31.17 million tonnes, up from a September estimate of 28.91 million tonnes and not far off the country’s all-time high of 31.8 million tonnes in 2016/17.

The bumper crops, already being harvested in many parts of the country, are likely to weigh on benchmark prices, which hit a six-year high last month.

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