Australia's winter crop planting is set to climb by over 25 per cent this year on the back of widespread and well-timed rainfall across most of the country.
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After prolonged drought conditions, which have delivered three years of decline in Australia's grain production and exports, global agribusiness financier Rabobank is forecasting the nation's crop planting to be up by 26 per cent on last season to 22.5 million hectares.
Rabobank senior grains and oilseeds analyst Cheryl Kalisch Gordon says the promising crop outlook is welcome news for Australia's agricultural sector after years of drought and the severe disruptions of summer bushfires and COVID-19 in the first half of 2020.
"While it's still around six months until the grain is in the bin, all the hallmarks of an above-average season are now falling into place," she said. "2020 finally saw a strong opening to the east coast winter crop planting season," she said.
