Australia’s official Government commodities forecaster says it is too early to tell what the true costs of widespread flooding across the east coast of Australia will be.
Flooding across eastern Australia has damaged winter grain crops, restricted planting of summer crops, caused livestock losses and increased the risk of some pests and diseases .
The Australian Crop Report estimates that crop abandonment will account for 16 percent of planted area in NSW, 7pc in Victoria and 5pc in Queensland.
Restricted field access for harvesting can also lead to production losses and quality…
