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Milk production for 2024 in Australia is forecast to increase by 0.6 percent to 8.50 million metric tons (MMT) after stabilizing in 2023 at an estimated 8.45 MMT from previous years of declining production. The forecast is amid an El Niño weather pattern in late 2023, likely to continue into 2024.
The Australian federal government supports biotechnology and has committed considerable long-term funding to research and development.
Wheat and barley crops have had a great start to the season, with high soil moisture reserves and good rains in the fall. But rainfall has been well below average from July to September 2023.
Post forecast Australian wheat production at 24 million metric tons (MMT) for 2018/19, while barley production is expected to reach 9.5 MMT due to higher commodity prices....
Australian sugar cane production is forecast to be stable at 34 million metric tons (MMT) in 2018/19, similar to last year.
Australia normally produces over 5 million metric tons (MMT) of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of total production.
In 2018/19, Post forecasts Australian cotton production to reach 4.7 million bales from a harvested area of 450,000 hectares.