| ||Revised wheat production outlook for 2002-03|| ||
Further to the wheat production outlook announcement on 12th September 2002, AWB has reduced its estimate of domestic wheat production to a range of 11-13 million tonnes.
Below average rainfall across the majority of Australia’s growing region, combined with warmer than average temperatures and strong winds, have resulted in the need to reduce the estimate from the previously quoted 14 – 16 million tones.
The better crops are situated in coastal areas of Western Australia, along the South Australian York Peninsula and in the Wimmera and Western Districts of Victoria. Despite the absence of rain in NSW the South Eastern region continues to prop up NSW crop prospects.
While Australia’s wheat production this year is significantly lower than last year AWB is aiming to carryover between three to four million tones of wheat from the 2001-02 harvest so we can continue to manage our international customer demand well into next year despite the prevailing conditions.
The National Climate Centre is predicting the El Nino to persist for the remainder of the year and the full impact will not be realised until the bulk of harvest gets under way.
For media enquiries contact Peter McBride 03 9209 2174 or 0417 662 451.
For analyst enquiries contact Michael Thomas on 03 9209 2064 or 0419 535 227.