ABARES Forecasts Bumper Yields for Key Australian Crops
It will be an abundant harvest season for Australia, thanks much to perfect weather conditions that the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said should lead to more than 43 million tonnes of yield from most of the country's farming regions.
Basing on its new Australian Crop Report, ABARES has projected that foremost producers South Australia and Western Australia will achieve 7.9 million tonnes and 14.67 million tonnes of produce respectively, with the latter credited by the government as the key factor in pushing up for a record produce this season.
Farmers have been thankful that just sufficient sun and rainfall visited their areas for much of the spring and winter, paving the way for better yields on key winter crops that total to 28.3 million tonnes of wheat, coming from the 27.9 million tonnes collected last year.
ABARES also reported that summers crops grown in New South Wales and Queensland are expected to return yields of up to 5.4 million tonnes, posting a jump of 18 percent from the same period last year and with cotton, rice and sorgum leading the pack of the season's produce.
Sorgum production, according to the latest ABARES report, is forecasted to soar by 17 percent or roughly 2.4 million tonnes while barley and canola output is also projected to record considerable surges for the season.
ABARES said that barley yields are seen to increase by four percent to 8.5 million tonnes while canola harvests are set to move up by five percent to 2.5 million tonnes once the storage numbers start trickling in.
The favourable weather conditions seen during the past few weeks, ABARES said, largely contributed to the realisation another record national crop projection, with incredible recoveries reported by WA farmers boosting the harvest numbers further.
With ABARES issuing a generally positive forecast for the agribusiness industry, RBS Morgans Ltd has affirmed that the overall condition in the sector is upbeat, with the firm noting that as winter yields gravitate towards record production, the figures laid out by the government appear to be achievable.