Australia - Further wheat crop losses as September heat dents yields

21.09.2023 279 views

Australia's wheat production is likely to decline further as hot and dry weather in September, a crucial month for crop development, curbs yields, threatening to tighten global supplies.

Analysts have cut their forecasts for Australia's wheat harvest by at least a million metric tons from the official forecast made earlier this month and said more crop losses were likely if the dryness continued.

"This kind of heat has been like taking a blow torch to crops," said Stefan Meyer, a grains broker at StoneX in Sydney.

"StoneX has downgraded our production estimates for Australia-wide wheat to 24 million metric tons and expect other crops to be similarly impacted," he said, adding that 100,000 tons more could be lost each day this month unless rain fell.

Australia is the world's second-largest wheat exporter and a key supplier for Asian nations including China, Indonesia and Japan.

After months of low rainfall and in the middle of an intense heat wave, Australia's weather bureau this week confirmed that an El Nino weather pattern was underway and dry conditions would likely continue.

Temperatures rose to around 16 degrees Celsius (60 Fahrenheit) above the September average in recent days.

Ole Houe at agriculture brokerage IKON Commodities in Sydney said the wheat crop could be 1 million tons lower than the Australian government estimated on Sept. 5.

That official forecast for wheat production of 25.4 million tons was already a downgrade from an earlier government prediction and 36% less than last year's harvest, which benefited from plentiful rain.

"If the dryness continues, the Australian wheat crop is likely to be close to 22 to 23 million tons," said a Singapore-based trader at a company that sells Australian wheat to millers in Southeast Asia, adding that the crop could mature earlier, pushing the start of the harvest to October from November.

A second trader at a global trading company said dry weather into October could trim the crop to between 22.5 and 23 million tons.

For the time being, harvests in Russia, Europe and the United states mean supply is plentiful. Chicago Board of Trade (CBOT) wheat futures Wv1 this month fell to their lowest levels since 2020.

But later in the year, focus will move to harvests in Australia, Canada and Argentina. Dry weather has hit crops in all three.

Source -


India - Crop insurance dwindles in FY 2024, top 4 insurance cut exposure

In fiscal year 2024 (FY 2024), India’s general insurers reduced their exposure to crop insurance due to the Pradhan Mantri Fasal Bima Yojana (PMFBY), despite the government’s efforts to bolster coverage in the farming industry. Thanks to crop losses from floods and unseasonal rains and heatwaves, the gross direct premium underwritten by insurers fell 4.2%, whilst crop insurance premium underwritten climbed 8.7% in the previous year (FY 2023).


USA - Insurance Options for Specialty and Organic Growers  Expanded

The U.S. Department of Agriculture (USDA) is expanding crop insurance options for specialty and organic growers starting in 2025. The Risk Management Agency (RMA) will offer new coverage options, including enterprise units for organic practices and additional eligibility for several crops. This expansion includes coverage for crops like almonds, citrus, walnuts, and avocados, and introduces policies for younger almond trees. Sunburned damaged walnuts will also be eligible for indemnity payments through the expansion.


France - Heavy rainfall causes severe harvest impact and losses for farmers

Persistent rainfall in France is reducing soft wheat production, resulting in a high decrease in the overall harvest and substantial losses for individual farmers. At Guillaume Lefort's farm in Larchant (Seine-et-Marne), soft wheat growth is uneven across his 70-hectare plot. Some ears are still green, and his harvest will start later than usual. He expects a 20% loss compared with a normal year.


Jamaica - Hurricane Beryl destroys crops, leaves islanders facing food shortages

Jamaicans will contend with food shortages in the aftermath of Hurricane Beryl, which is estimated to have destroyed over $6.4 million in food crops and supporting infrastructure, officials in Jamaica said on Monday.


Romania - Types of Climate Change Adaptation Among Large-Scale Crop Farmers

Climate change and its associated climate variability are posing significant challenges for farmers worldwide. In Romania, particularly in the agriculturally productive Romanian Plain, the frequency, intensity, and duration of heatwaves and droughts have increased over the past two decades. This has necessitated the need for farmers to adapt to these extreme environmental conditions.


USA - Flooding Resources Available for Beef Cattle Producers

A beef specialist with Iowa State University Extension and Outreach says cattle producers affected by recent flooding will most likely experience financial stress, and should contact their local Farm Service Agency office immediately. "FSA offices are gathering information pertaining to flood damage,” said Beth Doran. "This includes any livestock losses, forage/grazing losses or damaged pastures due to recent flooding.”


Liberia - President to launch new national agriculture development plan

On July 10, President Joseph Nyumah Boakai will unveil the National Agriculture Development Plan (NADP) in Monrovia, aiming to enhance agricultural growth throughout his tenure, according to Agriculture Minister Dr. J. Alexander Nuetah.


European Commission allocates €77 million in emergency support to farmers in Austria, Czechia, Poland and Portugal

The European Commission has proposed to mobilise €77 million from the agricultural reserve to support farmers from the fruit, vegetables and wine sectors of Austria, Czechia, Poland who have recently suffered from adverse climatic events of unprecedented magnitude, as well as Portuguese wine producers who face serious market disturbances.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop