Australian Wheat Crop Expected
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Australian Wheat Crop Expected to Drop 26% on Weather, War Costs
A stockpile of wheat in a warehouse at a Riordan Grains storage facility in Balliang, Victoria, Australia, on Tuesday, Nov, 9, 2021. For the second season in a row, the stars are favorably aligned for Australian wheat growers -- a bumper harvest, a shortage of one of the world's most important foods and global prices near nine-year highs.
Farm profits to dive by 70 per cent as drought and costs bite
ABARES report predicts broadacre farm profits will drop by 70 per cent Tue 2 Jun 2026 at 11:55am In short: ABARES is forecasting a fall of 21 per cent in winter crop production across Australia. Farm profits are likely to be significantly lower due to high prices for fuel and fertiliser What's next? Welcome rain has fallen across some affected areas in recent days, and many farmers remain positive about the future.
Fertiliser imports hit one million tonne mark since Iran war began
One million tonnes of fertiliser imported into Australia since the Iran war began Wed 3 Jun 2026 at 12:16pm In short: One million tonnes of fertiliser has been imported in to Australia since the conflict in Iran began. The federal government streamlined its biosecurity border processes in April to help get more fertiliser into the country during the closure of the Strait of Hormuz. Further shipments of urea are expected to arrive in coming weeks.