(Bloomberg) -- Australia, the world's third-largest
wheat exporter, may cut its forecast for the coming harvest by
as much as 12 percent on expectation dry weather in its biggest
grain-growing state will limit output.
The Australian Bureau of Agricultural and Resource
Economics will say output won't meet its estimate of 25 million
metric tons, the third-highest crop on record, according to a
survey of four analysts and grain traders. The Canberra-based
bureau is scheduled to release its next prediction tomorrow.
Read more at Bloomberg Commodities News
wheat exporter, may cut its forecast for the coming harvest by
as much as 12 percent on expectation dry weather in its biggest
grain-growing state will limit output.
The Australian Bureau of Agricultural and Resource
Economics will say output won't meet its estimate of 25 million
metric tons, the third-highest crop on record, according to a
survey of four analysts and grain traders. The Canberra-based
bureau is scheduled to release its next prediction tomorrow.
Read more at Bloomberg Commodities News
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