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Australia, one of the world’s largest wheat exporters, is forecast to produce another huge harvest this season as favorable conditions encourage growers to ramp up planting of winter crops to near-record levels.

Wheat production is estimated at 30.3 million tons in 2022-23, or 22% above the 10-year average, according to government forecaster Abares. That would be the fourth largest on record and compares with an all-time high of 36.3 million tons in 2021-22, which Abares estimated in March. The canola crop is seen at 5.6 million tons, the second largest after 6.4 million tons the previous year.

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