Time is Running Out for Australian Wheat Crop

If there is to be any improvement in the drought stricken crop, it has to happen now.

There's little time left for improvement of the wheat condition in Australia according to Don Taylor, the chairman of GrainCorp Ltd. He says the wheat crop, which has suffered through an extreme drought this year is nearly out of time to improve any and that means the harvest will be about the same as last year's drought reduced crop.

GrainCorp operates eastern Australia's largest network of grain elevators and east coast export terminals, but is still working through the impact of this year's drought and how it will affect the company.

Taylor says the crop could be slightly larger than the 2006 crop of about 10 million tons, but will be a far cry from the usual crop of around 25 million tons.

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