Australian wheat production for 2013/14 is estimated at 27 MMT, representing an upward revision of 3 percent from Post’s previous forecast of 26.2 MMT. Wheat export estimates remain at 18.6 MMT despite the higher production, due to lower carry-over stocks from 2012/13. Post’s forecast for barely production is expected to decline in 2014/15 to 7.7 MMT. Barley production estimates for 2013/14 have been revised to 9.6 MMT, in line with USDA official estimates. Sorghum estimates for 2013/14 have been further reduced from Post’s previous estimate to 1.27 MMT to reflect smaller final planting areas and continuing adverse seasonal conditions.
