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ABARES Aust. Crop Report 2014

ABARES Aust. Crop Report 2014

Categories: Cropping, Commodities, Weather

Summary of key issues:

  • Seasonal conditions have been generally favourable for planting the 2014-15 winter crops in WA, SA, VIC and southern and central NSW.
  • The Bureau of Meteorology's latest three-month rainfall outlook (June to August 2014), issued on 28 May 2014, suggests a drier than average winter for much of southern Australia and a hotter than average winter for all of Australia.
  • Assuming a return to average seasonal conditions in the first half of 2015, it is expected that broadacre livestock producers will begin to reduce slaughter and rebuild stock numbers by that time.
  • According to the Bureau of Meteorology (ENSO Wrap-Up, issued 3 June 2014), there is at least a 70 per cent chance of an El Nino event developing in 2014.
  • Total area planted to winter crops is forecast to rise by 1 per cent in 2014-15 to 22.6 million hectares.
  • Total winter crop production is forecast to fall by 12 per cent in 2014-15 to around 38.8 million tonnes.
  • Wheat production is forecast to fall by 9 per cent to 24.6 million tonnes, barley production is forecast to decline by 22 per cent to 7.5 million tonnes and canola production is forecast to fall by 8 per cent to 3.5 million tonnes.
  • Sufficient and timely rainfall over winter will be critical to the development of winter crops, particularly in those areas where soil moisture levels are presently low.



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.