OCEANIA: Wheat output in Australia is estimated to be some 4 million tonnes below last year's bumper crop. Early prospects for the summer 2001 coarse grain crops, recently planted, are somewhat unfavourable due to dry weather and the final area sown is likely to be reduced. A series of earthquakes hit Papua New Guinea last December, but damage is reported to be limited. Despite the peace agreement last October, the security situation remains volatile in the Solomon Islands.