USDA expects 12.50 % decline in Australias wheat production for MY 2018/19.

Australian wheat production is forecast at 21 MMT for 2018/19, 12.5 percent below the official forecast, due to very dry and hot conditions across major wheat growing areas. The harvested area is expected to fall slightly to 12 million hectares. Wheat domestic consumption is estimated at 8.5 MMT for 2018/19. Australian wheat exports are forecast at 15 MMT for 2018/2019, reflecting lower production caused by poor rainfall and higher average temperatures.