SYDNEY, AUSTRALIA – Noting above average yields as harvest wraps up and a global market showing strong demand and prices, Australian grain growers are expected to see farm gate receipts for the major winter crops exceed A$20 billion, IKON Commodities said in its Feb. 9 update.
Based on grain receival reports from the major grain storage groups IKON Commodities has revised its Australian crop estimates as follows from its last report:
Wheat production estimated at 39.043 million tonnes, up 1.8%
Barley production ...
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