Rainfall across most of Australia’s grain-growing regions in July has lifted forecasts for the country’s 2025 wheat harvest to around 33 million tons.
A large crop in Australia, one of the biggest wheat exporters, would add to pressure on prices that are already low due to ample global supply.
In early June, when parts of Australia were still parched, the agriculture ministry said it expected wheat production this year of 30.6 million tons.
Australia is now likely to match or beat last year’s production of around 34 million tons.
Some cropping areas, particularly South Australia and parts of Victoria, suffered from dry starts to the growing season, but rain has dampened soil, and Australia’s weather bureau is forecasting above-median rain for most farms in the next three months.
