Australian milk production to recover next year

ABARES: Record production expected

ABARES is forecasting record agricultural production of $73bn for 2021/22, to break the $70bn gross mark for the first time in history, an upward revision of $8bn after release June forecasts. The value of crop production is forecast to increase by 7% to $39.5bn due...
Australian milk production to recover next year

Winter crop looking good

ABARES has released its June crop report which forecasts the 2021/22 winter crop to be well above average nationally but with regional variation. Winter crop production is forecast to be 46.8mt, 15% below near record high production last year but still 13% above the...
Australian milk production to recover next year

ABARES: Dairy to grow … in the short-term

ABARES latest outlook sees agricultural production to jump 8% on last year to $65.9bn with Australian dairy products expected to be in demand from major trading partners as the global economy recovery is underway. Farmgate milk prices are forecast to increase 2% in...
Australian milk production to recover next year

Rabobank trims outlook

In its latest outlook, Rabobank forecasts Australian agriculture is on track for consecutive seasons of dairy farm profitability. A positive rainfall outlook and low feed prices are likely to support cheaper feed, which along with a recovery in Australia’s grain...