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World Feed Prices Encourage Australia Exports

10 August 2012
USDA Foreign Agricultural Service

AUSTRALIA - 2011/12 grain estimates were revised in line with official Government of Australia statistics and in response to the changing world grain market outlook. Exports of rain-affected wheat have surged in response to strong world feedgrain prices, and the estimate for total wheat exports in 2011/12 was increased to 22.5 MMT.

The estimate for 2011/12 barley exports was raised to 5.0 MMT.

In the absence of a total failure of spring rains, current conditions bode well for a good 2012/13 grain crop in eastern Australia.

Drier conditions prevail in the west, consequently the arrival and timely distribution of spring rains will play an even more critical role in determining the prospects of the 2012/13 Western Australia grain crop.

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