ABARES flags big year for grain growers
THE TYPICALLY conservative Australian Bureau of Agricultural and Resource Economics and Sciences has come out with a large number in its initial crop forecast for the year. In its June 2021 crop report ABARES is predicting a record plant on the back of favourable climate conditions and high world prices, the main
behind its estimate of a national winter crop of 46.8 million tonnes, This is below last year’s crop of 55.2m tonnes, the second largest on record. However, the estimate for last year’s crop in the June 2020 crop report was 44.5m tonnes.
Canola is tipped to be the star performer off the back of a whopping expected 25 per cent rise in plantings as farmers seek to cash in on the highest prices on record for the oilseed. Acting ABARES executive director Jared Greenville said winter crop prospects are forecast to be well above average nationally, but there will be differences across growing regions.
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