Rain Provides Relief to Wheat in West Australia.

Australia is expecting to produce 24 MMT in 2018-19 under normal conditions. Australia has been facing dry condition this year, which is weighing on its production. Recent rainfall in western region has provided some relief. In 2017-18, Australia was able to produce 21.2 MMT due to low yield and acreage compared to 34.4 MMT in 2016-17. Black sea region has been capitalizing on lower production in Australia by capturing Australia’s market share in Indonesia.