February 9, 2004
AWB Limited
today announced it is expecting the 2003/04 national wheat
harvest to be approximately 25 million tonnes, making it a
record Australian crop.
AWB Managing Director Andrew
Lindberg said with harvest now all but complete, total
production was set to eclipse the previous forecast range of 22
– 24 million tonnes, largely as a result of record wheat
production in Western Australia.
Mr Lindberg said receivals into
the 2003/04 AWB National Pool were expected to be about 19
million tonnes.
“While the vast majority of wheat
is now in the system, we are still expecting some late
deliveries to the National Pool from the trade and from grain
stored on-farm,” Mr Lindberg said.
“A 2003/04 crop of about 25
million tonnes represents an outstanding rebound from the
previous drought affected harvest of 9.7 million tonnes,” Mr
Lindberg said.
Not all regions of the wheatbelt
enjoyed a good season, with lingering drought limiting planting
opportunities and crop yields in parts of north-west NSW and
central Queensland. Wheat crops in South Australia, Victoria and
southern New South Wales were also impacted by hot dry
conditions in early spring, which did reduce some of the yields
in those areas.
“The
2003/04 national crop was really bolstered by the record wheat
harvest from Western Australia,” Mr Lindberg said.
“AWB’s sales and marketing program
for the new crop is now in full swing, and we are well
progressed having posted some strong recent sales,” Mr Lindberg
said. |