Minggu, 27 November 2016

Rain Delays Australia Wheat Harvest, Could Dampen Exports

Rain is delaying the wheat harvest in parts of Australia, threatening to disrupt deliveries from the world's No.4 exporter of the grain to key markets such as India and Indonesia. Expecting a near-record crop of close to 30 million tonnes, exporters had sold new-crop wheat for shipment in November and December, but rains in the nation's eastern crop-belt, as well as frost in parts of the western growing region, have prevented farmers from gathering wheat on time.

The harvest has been running three weeks behind schedule in Western Australia, the nation's largest wheat exporting state, according to analysts and traders. On the east coast, it is lagging by at least two weeks. There is a danger of late November and early December shipments getting delayed
Australia is a leading wheat supplier to some of Asia's biggest markets, including the world's second-largest importer Indonesia. India, typically self-sufficient in wheat, has been relying heavily on Australia for supplies this year after local crops were hit by two years of adverse weather.
Frost damage across Western Australia, the country's largest wheat-producing state, has destroyed more than 15 percent of the total grain crop.I wish that any delays would not be significant.

 http://jakartaglobe.id/international/rain-delays-australia-wheat-harvest-dampen-exports/

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