Australia hopes for 'magnificent' wheat crop in pandemic economy Australia was among top four wheat exporters before drought SYDNEY - Just months after rains broke Australia's crippling three-year drought, fields of grain have sprung to life, lifting forecasts for a bumper wheat harvest and reviving the beaten up agricultural sector through roaring tractor sales and increased lending.The mid-season crops in some of the country's major eastern grain-growing areas are as lush as some industry veterans can remember, representing one of the few bright spots in the country's pandemic-affected economy."I moved here 30 years ago, and I've never seen it this good. It is magnificent. It is wheat, barley, everywhere as far as your eye can see," tractor dealer Roger Moylan said this week from Quirindi, a major grain-growing area...read more...
SectorOil & Gas
CountryUnited Arab Emirates