Floods slash crop forecasts

Wednesday, February 16, 2011
By Paul Martin

Floods slash crop forecasts

Leslie White & Peter Hemphill
February 16, 2011

EASTERN Australia’s winter crop harvest will be 2.5 million tonnes lower than December projections.

That’s the tip from the Australian Bureau of Agricultural and Resource Economics and Sciences.

ABARES deputy executive director Paul Morris said widespread rain and flooding had seen expectations slide.

“That (2.5 million tonnes) would be worth about $600 million or $700 million in reduced value compared to what we were saying in December,” he said.

Australia’s winter crop is projected at 42 million tonnes, 19 per cent up on last year and the biggest crop since 2003-04.

The projections for NSW have been cut by 1.8 million tonnes since December but the state will still harvest 10 million tonnes of wheat – a record

The Rest…HERE

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