Australia is expected to reduce its forecast for the upcoming wheat harvest as hotter conditions bake growing areas, a blow to buyers such as China which may need more imports after rain damaged its crop.
Drier conditions across top producer Western Australia has already led to an industry association trimming its estimate for the state’s wheat crop, while parts of the east coast have also been hotter. The government’s forecaster is scheduled to release its overall grains outlook on Tuesday.
China is expected to feed a lot more of its wheat to animals this year after heavy rains reduced the quality of its harvest, likely increasing the need for more imports. Extreme weather from scorching temperatures to flooding has damaged various crops across the world, adding to pressures on supply that includes Russia’s war in Ukraine and India’s export curbs on rice.
Below average rainfall is expected for most of Australia in the coming months, according to a forecast from the Bureau of Meteorology. The nation typically starts harvesting its wheat crop in November, and China has been the biggest importer of the country’s grain the past two years.
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