CONSUMER NEWS
HOPES FOR A
HAT TRICK
FORECAST RECORD AUSTRALIAN WINTER CROP PLANTING SEES POTENTIAL FOR THIRD CONSECUTIVE BUMPER HARVEST Australia is laying the groundwork for a third consecutive bumper harvest, with this year’s total planted crop area forecast to reach a record 23.83 million hectares, Rabobank says in its just-released 2022/23 Winter Crop Outlook. This would be nearly one per cent up on last year’s record planting and 11 per cent above the five-year average. It includes a 1.4 per cent lift in wheat and a record canola planting, up 20.9 per cent on last year, albeit at the expense of barley, oats and pulses. PAG E 9 2
In a year of global shortages and high commodity prices – the forecast record planting comes as global markets look to Australia to deliver a “hat trick of great grain and oilseed production” at a time when poor production and export constraints in a number of countries are prompting the United Nations to warn that the world is on the brink of a food crisis.
GO AUSSIES GO !!!!
