Wheat Production Increases By 1% To 24.2 MMT For 2015-16 Season In Australia

As per the latest update by ABARE wheat production in Australia touched 24.2MMT for 2015-16 season.It is 1% higher than the estimate released in December-2015.Its previous 2015/16 production estimate was 23.98 MMT.Higher production in Australia  increased global supply  and prices decreased to five year's low.New palnting in Australia would start in April for  2016-17