Australia on track for back-to-back big crops
AUSTRALIA is on track to record a second consecutive bumper harvest according to agricultural banker Rabobank.
Rabobank analysts are forecasting another year at close to record production across the nation, with a slight alteration in where the crop will be grown.
NSW will again be a major driver of the big year, with good subsoil moisture levels over much of the state, but it is Western Australia that at present looks set to record a big year on year increase, with good autumn rain.
Even the Bureau of Meteorology (BOM) outlook of a drier than average winter was not enough to dampen Rabo’s predictions.
On the flip side, a dry start in key cropping regions in South Australia and Victoria mean the outlook there is more circumspect.
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