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. https://www.afr.com/companies/agriculture/record-grain-plantings-point-to-bumper-harvest-amid-food-crisis-20220531-p5apx2
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