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Australian sorghum production is in severe drought trouble, with yields poor and many crops grazed out before harvest. Analyst Lloyd George estimates the national crop will struggle to exceed 1.1 million tonnes, and about 80% of planted sorghum on the Liverpool Plains will not be harvested.
A very small Australian sorghum crop tightens domestic supply and supports high local sorghum prices, increasing reliance on imports.
theland.com.auOlivia CalverApr 3, 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.
