According to The Australian Financial Review, increased planting by Victorian and Queensland grain farmers has set Australia up for a third consecutive bumper harvest amid a global supply crunch that is raising fears of a food crisis.
In its 2022-23 winter crop outlook report, agri-lender Rabobank predicts this year’s planted crop area will reach a record 23.83 million hectares, up nearly 1 per cent on last year’s record and 11 per cent above the five-year average.
Subscribe to our English Newsletter
© Japan Australia Business Creators Pty Ltd | All Rights Reserved. Website designed and developed by Japan Australia Business Creators Pty Ltd.