AGL 39.55 Decreased By ▼ -0.45 (-1.13%)
AIRLINK 128.20 Decreased By ▼ -0.86 (-0.67%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.72 Increased By ▲ 0.23 (5.12%)
DCL 8.42 Decreased By ▼ -0.13 (-1.52%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 82.01 Increased By ▲ 1.05 (1.3%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 73.95 Decreased By ▼ -0.48 (-0.64%)
FFL 11.89 Increased By ▲ 0.15 (1.28%)
HUBC 110.69 Increased By ▲ 1.11 (1.01%)
HUMNL 14.11 Increased By ▲ 0.36 (2.62%)
KEL 5.21 Decreased By ▼ -0.10 (-1.88%)
KOSM 7.48 Decreased By ▼ -0.24 (-3.11%)
MLCF 38.99 Increased By ▲ 0.39 (1.01%)
NBP 63.94 Increased By ▲ 0.43 (0.68%)
OGDC 193.40 Decreased By ▼ -1.29 (-0.66%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.31 Decreased By ▼ -0.08 (-1.08%)
PPL 153.45 Decreased By ▼ -2.00 (-1.29%)
PRL 25.88 Increased By ▲ 0.09 (0.35%)
PTC 17.51 Increased By ▲ 0.01 (0.06%)
SEARL 81.17 Increased By ▲ 2.52 (3.2%)
TELE 7.67 Decreased By ▼ -0.19 (-2.42%)
TOMCL 33.44 Decreased By ▼ -0.29 (-0.86%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.45 Increased By ▲ 0.18 (1.11%)
TRG 57.00 Decreased By ▼ -1.22 (-2.1%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.38 Decreased By ▼ -0.01 (-0.72%)
BR100 10,507 Increased By 62.3 (0.6%)
BR30 31,110 Decreased By -79.8 (-0.26%)
KSE100 98,266 Increased By 467.6 (0.48%)
KSE30 30,667 Increased By 186.7 (0.61%)

Dry weather will persist across Australia until at least the end of September, the country's weather bureau said on Thursday, in a forecast that threatens to further lower wheat production in the world's No. 4 exporter. There is just a 30% chance that Australia will record average rainfall between July 1 and September 30, Australia's Bureau of Meteorology (BOM) said.
Temperatures will also be above average over the three-month period, BOM said, pegging the chance of exceeding average maximum heat levels at 80%. The forecast is bad news for Australian wheat growers who are facing a third year of drought conditions along the country's east coast. Australia's chief commodity forecaster earlier this week lowered its forecast for wheat production by more than 11% as it warned crops on the country's east coast will be in desperate need of rains in September. It pegged production of the country's largest rural export at 21.2 million tonnes, down from its previous estimate in March of 23.9 million tonnes and 14% below the 10-year average.

Copyright Reuters, 2019

Comments

Comments are closed.