Australia is expected to reduce wheat planting areas and production in the 2026/27 season.

This Tuesday (24), the Australian Department of Agricultural Economics and Resource Sciences (ABARES) released its estimate that the Australian farmers will plant 11.8 million hectares. wheat In the 2026/27 season, this represents a decrease compared to the 12.4 million hectares planted in the previous year. ABARES He also reported that Production will fall to 33 million tons., compared to almost 36 million tons harvested the previous year. Among the factors for the reduction in planted areas is the concern about a possible fertilizer supply crisis in the country.The agricultural inputs market has been drastically affected by geopolitical tensions between United States and Iranespecially because Interruption of maritime traffic in the Strait of HormuzThe region is fundamental to the outflow of fertilizer production for the Asia and OceaniaA abundant global supply of the grainThis, which has led to a drop in the average price of wheat, is also frustrating rural producers in the region. Australia – one of the largest exporters of the crop. According to farmers interviewed by BloombergThe expectation is that the new, free planting areas will make room for other crops, such as… lentils, canola and barleyProducers also claim that with the reopening of the Strait of Hormuz by the end of April, a major crisis in the region's agriculture can be avoided.

This text was translated by machine from Brazilian Portuguese.