| ||Revised wheat production estimate
AWB has today revised its estimate of domestic wheat production for 2003/04 down to 20 - 22 million tonnes.
As per its announcement on May 21st 2003, AWB’s previous forecast range was 22 - 24 million tonnes, which was based on normal seasonal conditions thereafter.
While the past month has been generally dry, recent widespread rains have improved the outlook for Western Australia, South Australia, Victoria and southern Queensland, where crops are emerging well with good sub-soil moisture.
However, patchy conditions in New South Wales have prompted a reduction in the estimated area planted, and potential yields, in the state. Wheat growers still have the opportunity to plant, although they will be more reliant upon conducive spring conditions.
AWB’s forecast of 20 - 22 million tonnes would see 2003/04 production in line with, or slightly above, the national five year production average.
Weather patterns appear to be improving, further indicating the decline of the "El Nino" weather phenomenon that contributed to the severe drought conditions of last season.
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