Australia trims wheat output forecast on dry weather

Australia has trimmed its wheat production forecast in the current marketing year by 2.3 per cent from its previous estimate to 22.03 million, though the world’s No. 2 exporter said crop damage from dry weather did not appear as bad as expected.

The wheat forecast for the 2012/13 marketing year was lowered from an estimate of 22.54 million tonnes in September, data from the government’s commodities forecaster showed on Tuesday.

via Business feed http://www.scmp.com/business/economy/article/1097201/australia-trims-wheat-output-forecast-dry-weather