Australia: In 2005-2006 Australia’s barley production is expected to increase to 8 million tonnes from 6.2 million tonnes estimated by the Australian Bureau of Agricultural and Resource Economics for the drought-affected 2004-2005, Agriculture and Agri-Food Canada commented. With steady growth in domestic demand for animal feed and industrial use, barley exports from Australia are projected to recover partially from 2004-2005, to 4.5 million tonnes, in comparison to 3.2 million tonnes estimated for 2004-2005 and the five-year average of 3.9 million tonnes. Increased exportable supplies in Australia are expected to depress world barley prices in 2005-2006, according to according to Agriculture and Agri-Food Canada. Barley prices in Australia are forecast to decrease in 2005-2006 from 2004-2005 as a result of higher production.
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