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In 2014, drought in major northern cattle regions significantly increased turnoff and reduced the size of the cattle herd.
Australia is one of the world’s leading wine producers and exporters. Production for the 2015 wine vintage is forecast to rise to 1.6 million tons of grapes.
Global wine trade climbed to a record 5 billion liters in 2013, up 75 percent from little more than a decade ago.
Exports of high-value, processed food products have been a significant contributor to the strongest five-year period for agricultural exports in U.S. history.