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Canadian apple production is forecast to grow four percent for market year (MY) 2022/23, as production rebounds in Ontario and Quebec following adverse growing conditions in MY 2021/22. Pear production is forecast to grow on a bumper crop in Ontario, especially of the Bartlett variety.

The federal government announced that dairy, poultry and egg farmers and processors will receive CAD $1.7 billion dollars in compensation for impacts of the United States-Canada-Mexico Agreement (USMCA). This funding will be disbursed over six years, as direct payments and various investment programs, with the largest share going to the dairy sector.

The Australian federal government is supportive of biotechnology and has committed considerable long-term funding to research and development. The Australian Productivity Commission recently completed an inquiry into the regulatory burden on farm businesses focusing on regulations that have a material impact on the competitiveness and productivity of Australian agriculture, including the impact of regulations for genetically engineered (GE) products.

Australia is a prosperous and industrialized nation with a stable economy. Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia. The U.S. - Australia Free Trade Agreement provides some advantages for U.S. products, which are well regarded as high quality and good value. The United States accounted for US$1.6 billion or nine percent of Australia’s total food and agriculture related imports in 2021.

In July 2022, Canada published final regulations on supplemented foods. The new regulatory requirements are complex, and the food industry has until January 1, 2026 to become compliant. Stakeholders are strongly encouraged to consult the variety of resources and information made available by Health Canada to assist with the implementation of the supplemented foods regulatory framework.

FY2022 agricultural exports reach record levels.

Milk production in 2023 in Australia is forecast to decline by another two percent to 8.4 million metric tons (MMT), after an estimated six percent fall in 2022 to 8.55 MMT. This decline is expected despite a big increase in farm gate milk prices for 2022/23 to far exceed the previous record, and overall good seasonal production conditions for dairy farmers leading into the forecast year.

In marketing year 2022/23, wheat production is forecast up more than 50 percent from the previous year on increased acreage and higher yields due to improved soil moisture. Wheat exports are forecast to increase year-over-year on larger domestic supplies. Crop 2022 will be the first sizable crop in four years to compete for rail services with other sectors throughout an entire marketing year. Non-durum and durum wheat are expected to be of high quality, resulting in lower feed-grade wheat supplies.

Canada continues to be the largest export market for U.S. consumer-oriented products. In 2021, U.S. consumer-oriented exports to Canada reached $18 billion, doubling the amount exported to the second largest market, Mexico.