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Australia's 2025 Federal Budget allocates significant funds to support and grow the agriculture, fisheries, and forestry sectors, with measures focused on climate resilience, trade, and food security, including funding for drought preparedness, emissions reduction, and market access.
Australian beef production and exports are forecast to reach record levels in 2025, building on the record export results achieved in 2024. This situation is similar to 2014 and 2015, when strong U.S. demand was driven by herd rebuilding leading to similar peaks in beef production and exports for Australia.
A major driver of Australia's manufacturing sector is its food, beverage, and grocery industries, which account for a third of all activity. Recent growth has been strong, with an 11% increase in turnover to US$107 billion in 2022-23.
Australia is a prosperous, economically stable, and industrialized nation. Underpinning Australia's strong economy is its open and transparent trade and investment environment....
Health, wellness and the environment continue to be major focuses among Australian consumers.
Fresh orange production is estimated at 480,000 metric tons (MT) in 2017/18.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Australian dairy industry is recovering from a period of significant disruption with a spike in exits from the industry.
Post has further lowered its estimate for Australian wheat production to 20 million MT for 2017/18, due to continuing adverse seasonal conditions across most cropping areas.
Post forecasts the Australian sugar cane crush for 2017/18 at 34 million MT, up 6 percent on the official forecast.
Uncertain seasonal conditions for Australia are expected to slow cattle herd rebuilding.
The Australian biofuel industry and market remain small because mandates do not cover the entire country and remain modest compared to other countries with biofuel programs, and tax relief....