trusts are still tumbling fast for the 2002/03 Australian wheat crop-which could now plummet to 1345 million tonnes.

trusts are still tumbling fast for the 2002/03 Australian wheat crop-which could now plummet to 1345 million tonnes, its lowest since 1994/95

The nervously awaited update from the Australian Bureau of Agricultural and Resource Economics (ABARE) confirms that ongoing dryness is cutting deeper and deeper into plantations of wheat and other harvests as the El Nino phenomenon continues to cause disquiet in the Pacific.

The latest wheat harvest forecast of 1345mt is a proper 10mt below ABARE's initial