10-12-2013 12:54 PM | Australia

Australia cuts wheat export forecast

Australia reduced its wheat export forecast, even as farmers join producers from Canada to Russia in harvesting bigger crops, as lower stockpiles curb supplies in the world’s third-biggest shipper.

Exports may total 18.6 million metric tons in the year started July 1, from 19.2 million tons forecast in September and 21.3 million tons a year earlier, the Australian Bureau of Agricultural and Resource Economics and Sciences said in a report today.
Full Story : Bloomberg