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ABARES data showed New South Wales barley plantings up over 25% to 750,000 hectares, and barley area rose about 27% nationally with strong plantings in South Australia and Western Australia. Estimates suggest Australia could produce 9 to 10 million tonnes of barley.
A large Australian barley crop adds export supply that could pressure barley prices, particularly into Asian feed markets.
theland.com.auWarren LanderAug 6, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
