Winter crop forecast

Sustained dry weather conditions have significantly cut Australian winter crop production, with the upcoming grain harvest now expected to come in 41 per cent below 2016/17, and well below the five-year average, according to Rabobank’s latest crop forecast.

Tighter global supply

The European wine grape crop has been hit hard by adverse weather, and with global inventories already tight, the wine available for consumption around the world will be at its lowest point in decades, according to Rabobank’s latest Global Wine Quarterly report.