NEWS
Australia Wheat Sales to Drop
Mon Mar 4, 2013 04:42 PM CST

CANBERRA (Dow Jones) -- Earnings from Australian farm exports are forecast to slide in the coming year as lower grain stocks mean that less wheat is shipped overseas, the government's chief agriculture forecaster said Tuesday.

Export earnings from agricultural goods are expected to fall 0.8% to 35.6 billion Australian dollars (US$36.3 billion) in the financial year starting July 1 from A$35.9 billion, the Australian Bureau of Agricultural Resource Economics and Sciences said in its first estimate for the period.

Much of that decline was linked to a fall in projected shipments of wheat, Australia's most profitable farm export in recent ...

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