Miller Magazine Issue: 123 March 2020

Australıa 83 MILLER / MARCH 2020 Australia: Dominant player in grain markets Australia is one of the world's largest grain producers and exporters. Wheat is by far the largest crop, contributing over 50 percent of Australian grain exports by value. However, continued multi-year drought and a devastating bushfire season in Australia has led to significant crop loss. Australia’s wheat harvest in MY 2019/20 is estimated to have been the smallest in over a decade, and about 40 percent below the 10-year average. As a result, wheat exports are expected to fall for the third straight year.