Agricultural Commodities report says farm production value holds despite bushfires and drought

GSTDTAP > 资源环境科学

Agricultural Commodities report says farm production value holds despite bushfires and drought

admin

2020-03-03

出版年

2020

国家

澳大利亚

领域

资源环境

英文摘要

The March 2020 edition of Agricultural commodities contains ABARES latest outlook for Australia's key agricultural commodities for 2019–20.

Market forecasts

Agricultural overview

In 2019–20 the value of farm production is forecast to fall by 3% to $61 billion.

The value of farm production remains high despite recent drought conditions.

Australian crop report

Global economic growth is assumed to be 3% in 2019 and 3.4% in 2020.

Production prospects for summer crops in 2019–20 remain well below average

Economic overview

Global economic growth to be 3.3% by 2025.

Seasonal conditions

Global production conditions generally favourable. Heavy rainfall in January and February brings relief to parts of Australia.

Wheat

Wheat prices to rise marginally due to lower supply in major exporters.

Coarse grains

Corn prices to remain low with high production forecast. Barley prices to rise slightly, but remain low.

Oilseeds

Canola prices to rise in tandem with demand for vegetable oils.

Sugar

Sugar prices to rise due to lower world production.

Wine and wine grapes

Below average wine grape production to put upward pressure on prices.

Horticulture

Lower fruit and vegetable production to lead to higher domestic prices.

Natural fibres

Cotton prices to fall due to increased global production and high stock levels. Wool prices to rise due to demand for woollen apparel outpacing recovery in apparel wool production.

Beef and veal

Australian cattle prices to rise as herd rebuilding reduces supply.

Sheep meat

Lamb prices expected to remain near record highs because of strong International demand, and dry seasonal conditions.

Dairy

Milk prices to fall due to global production increases.

Pigs and chicken

Pigs and chicken meat production to recover from 2020–21 onwards to meet domestic demand.

[expand all]

Download report

Document	Pages	File size
Agricultural commodities – March 2020 PDF	113	14.8 MB
Forecast data – March 2020 XLSX	12	171 KB
Historical data – March 2020 XLSX	45	548 KB

If you have difficulty accessing these files, please visit web accessibility.

Previous reports

Document	Pages	File size
Agricultural commodities – December 2019 PDF	15	2.9 MB
Agricultural commodities – September 2019 PDF	59	13.4 MB
Agricultural commodities – June 2019 PDF	54	11.5 MB
Agricultural commodities – March 2019 PDF	173	16.3MB
Agricultural commodities – December 2018 PDF	51	10.6 MB
Agricultural commodities – September 2018 PDF	64	6.8 MB
Agricultural commodities – June 2018 PDF	121	14.4 MB
Agricultural commodities – March 2018 PDF	255	18.3 MB