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- (-) March 2024
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Cotton production in Australia is set for a fourth successive year of high production in marketing year (MY) 2024/25, forecast at 5.5 million bales, which would be the third largest crop. The prospect of average rainfalls over the winter/spring period if realized would establish improved irrigation water availability for growers.
Good vegetation conditions in the east and center regions in Algeria bode for a rebound in MY 2024/25 wheat harvest.
Australian beef supply is forecast to climb after the herd rebuild period ends. The marked slowdown in the growth of the national herd is expected to drive a higher female slaughter rate, increase the overall supply of cattle for slaughter, and boost live cattle and beef exports in 2024.
Australia’s food, beverage, and grocery sectors, contribute to a third of all business activity in the manufacturing landscape.