# Australian wheat output projected to decline | World Grain

> USDA's Foreign Agricultural Service projects Australian wheat output in 2023-24 to fall 25% to 29 million tonnes from the record 39.2 million in 2022-23. The decline reflects predicted drier weather and lower prices.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/35902-australian-wheat-output-projected-to-decline-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharp drop in Australian wheat supply reduces global feed wheat availability and tends to lift wheat and barley prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-02-18 | [Australia wheat output revised lower \| 2020-02-18  \| World Grain](https://feedsoft.ai/events/54572-australia-wheat-output-revised-lower-2020-02-18-world-grain.md) | -0.9% | -0.1% |
| WHEAT | 2026-04-29 | [Australia’s wheat production forecast to drop \| World Grain](https://feedsoft.ai/events/19682-australia-s-wheat-production-forecast-to-drop-world-grain.md) | -3.1% | -0.4% |
| WHEAT | 2020-09-25 | [Projected grains output in EU lowered again \| 2020-09-25  \| World Grain](https://feedsoft.ai/events/51062-projected-grains-output-in-eu-lowered-again-2020-09-25-world-grain.md) | +6.5% | +10.5% |
| WHEAT | 2021-05-03 | [Australian grain production falls to average levels  \| World Grain](https://feedsoft.ai/events/47057-australian-grain-production-falls-to-average-levels-world-grain.md) | -5.4% | -5.4% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18440-australian-wheat-output-projected-to-decline

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.