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Australian cotton production is forecast at 2.2 million bales for 2019/20.
Australia has proven to be an appealing and profitable market for U.S. companies for many years.
Post forecasts 2019/20 canola production to rebound to 3.7 million metric tons (MMT).
Australian sugar cane production is forecast to be stable at 34 million metric tons (MMT) in 2019/20.
Australia is a major producer of raw materials and processed foods but imports a growing volume of food and beverages.
The outlook for winter grains production in Australia has deteriorated due to particularly adverse seasonal conditions, including lower than expected spring rainfall and record temperatures.
Australian milk production is expected to rise slightly in 2016 to 9.8 million metric tonnes, due to higher milk yields and improved seasonal conditions.
Australian sugar production is projected to reach five million tonnes in 2015/16 assuming that average seasonal conditions prevail.
Livestock and livestock products is a significant industry in Australia and accounts for one fifth of farm production while beef farms manage three quarters of all agricultural land.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Australian Department of Agriculture has released the draft Biosecurity (Biosecurity Import Risk Analyses) Regulation 2015 (BIRA regulation) for public consideration.
Australia is the world's 13th largest economy, with nominal GDP of US$1.5 trillion and one of the highest levels of per capita GDP in the world.