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Wheat News - Wheat Acreage In Australia Likely To Fall
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Wheat Acreage In Australia Likely To Fall

Wheat acreage in Australia is expected to fall in upcoming MY 2022-23 (October-September) due to rising input costs. Drop in wheat acreage may also lead to decline in output and exports. The reduction is due to a rise in fertilizer, diesel, and chemical prices. It is anticipated that wheat acreage to range around 12.6 million-12.9 million hectares. In MY 2021-22, Australia's wheat acreage was around 13.03 million hectares. The Australian Crop Forecasters has forecasted MY 2022-23 wheat acreage at 12.7 million hectares, down 4% on year from 13.3 million mt.