The 2022 global crop is forecast to be up
6.4% on the 2021 season, despite challenging weather conditions in the two
largest producing origins. The initial crop forecast published for the Australian
2022 season predicted a crop of 54,930 tonnes in-shell @ 3.5% moisture (58,900
tonnes in-shell @ 10% moisture). In May this forecast was reduced by 10%, as a
direct result of the recent severe weather and flooding in NSW and South East Queensland.
The revised forecast is now 49,340 tonnes in-shell @ 3.5% moisture (52,900 tonnes
in-shell @ 10% moisture). NSW growers have been worst affected, and the
prolonged rainfall which followed the two flooding events has made harvest more
difficult. In contrast and despite flooding in some regions, South Africa has
recently increased their forecast from 57,723 tonnes to 61,288 tonnes in-shell
@ 3.5% moisture.
