Jun 01, 2026 (The Australian Financial Review - ABIX via COMTEX) --
Australia's total wheat harvest is forecast to drop by nearly 50 per cent this year, due to factors such as rising diesel and fertiliser prices and the prospect of a El Nino weather pattern that is typically associated will drier conditions. With Australian diesel prices 35 per cent higher than pre-Middle East conflict levels and with wholesale urea prices - a nitrogen fertiliser - up 70 per cent, some farmers are abandoning wheat altogether in favour of lower-maintenance crop options like barley and canola, while the cost of wheat products in supermarkets is certain to rise.
Publication Date: 2 June 2026
COMTEX_482632608/2229/2026-06-01T20:21:06
By Cecile Lefort
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