BAFL 53.19 Increased By ▲ 3.16 (6.32%)
BIPL 22.90 Increased By ▲ 0.49 (2.19%)
BOP 5.67 Increased By ▲ 0.25 (4.61%)
CNERGY 5.12 Increased By ▲ 0.07 (1.39%)
DFML 19.35 Increased By ▲ 0.17 (0.89%)
DGKC 80.54 Increased By ▲ 0.39 (0.49%)
FABL 33.11 Increased By ▲ 0.26 (0.79%)
FCCL 20.25 No Change ▼ 0.00 (0%)
FFL 10.48 Increased By ▲ 0.83 (8.6%)
GGL 13.61 Increased By ▲ 0.01 (0.07%)
HBL 129.52 Increased By ▲ 8.18 (6.74%)
HUBC 123.38 Increased By ▲ 0.88 (0.72%)
HUMNL 8.04 Increased By ▲ 0.04 (0.5%)
KEL 4.43 Increased By ▲ 0.46 (11.59%)
LOTCHEM 28.01 Decreased By ▼ -0.07 (-0.25%)
MLCF 42.71 Increased By ▲ 0.51 (1.21%)
OGDC 125.38 Increased By ▲ 4.05 (3.34%)
PAEL 21.33 Increased By ▲ 1.10 (5.44%)
PIBTL 6.11 Increased By ▲ 0.31 (5.34%)
PIOC 118.47 Increased By ▲ 2.57 (2.22%)
PPL 113.85 Increased By ▲ 3.10 (2.8%)
PRL 31.80 Increased By ▲ 2.22 (7.51%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 69.44 Increased By ▲ 0.41 (0.59%)
SSGC 13.76 Increased By ▲ 0.06 (0.44%)
TELE 9.16 Increased By ▲ 0.41 (4.69%)
TPLP 14.79 Increased By ▲ 0.12 (0.82%)
TRG 92.45 Increased By ▲ 1.15 (1.26%)
UNITY 27.47 Increased By ▲ 0.22 (0.81%)
WTL 1.67 Increased By ▲ 0.04 (2.45%)
BR100 6,815 Increased By 167.1 (2.51%)
BR30 24,245 Increased By 677 (2.87%)
KSE100 66,224 Increased By 1505.6 (2.33%)
KSE30 22,123 Increased By 529.1 (2.45%)

SYDNEY: Australia is expected to produce a bumper year of crops including record wheat production in the current financial year, the government said on Tuesday, despite the impact of widespread flooding in the country’s eastern region.

Total winter crop production across the country is forecast to total 62 million tonnes, the second highest on record, according to a report from the federal Australian Bureau of Agricultural and Resource Economics (ABARES).

“While the spring rain has impacted production, yields and quality in some parts of the country, some states are experiencing their best winter crops on record,” ABARES Director Jared Greenville said in a statement.

Wheat production, the country’s major grain crop, is forecast to reach 36.6 million tonnes in the 12 months running to June 30, 2023, a 1% increase over the previous record set last year, the report said. Barley production is due to reach 13.4 million tonnes, the fourth-largest crop on record, with canola expected to hit a record 7.3 million tonnes.

Australia’s eastern region has suffered a wave of floods this year, inundating homes and farmland, because of a rare multi-year La Nina weather phenomenon, which brings more rain.

Summer crop planting is expected to fall 9% as a result of the flooding, the report said, particularly impacting cotton and rice crops.

Comments

Comments are closed.

Australia forecasts record wheat crop despite floods

Sanjrani accepts resignation of Tarin

LoIs for hydropower projects: KP seeks provinces’ say in PPIB WG

Importer booked for evasion of Rs30m duty

WHO demands immediate access to Gaza

Israel steps up its offensive in Gaza

COAS leaves for US

‘Country is not getting new inflows from abroad’

Account opening with CDC: SECP’s CGP to facilitate stock market intermediaries, investors

‘Handling complaints of aggrieved persons’: President sets aside order of Banking Mohtasib

Saudi minister seeks govt’s intervention for resolution of KE issue