ABARES: Ag production value down in 2023/24

ABARES: Ag production value down in 2023/24

Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is forecasting the gross value of agriculture to fall by 14% to $79bn in 2023/24 as drier conditions impact crop yields and domestic commodity values fall. ABARES expects milk production to...
ABARES: Ag production value down in 2023/24

Farmgate Milk Price Outlook

Freshagenda has released a Southern Australia milk price outlook for the coming season. The full season milk price paid to southern producers is expected to average $8.50kgMS in 2023/24 based on projected commodity prices, average manufacturing conversion costs and...
ABARES: Ag production value down in 2023/24

Milk down, while crop plantings positive

Australian milk production will fall to 8-8.2bn litres for 2022/23 according to the latest Dairy Insights report from Rural Bank. The Bank expects cost of living pressures are also weighing on consumer demand. Rural Bank points to recent lifts in global dairy prices...
ABARES: Ag production value down in 2023/24

ABARES: Ag’s record production and exports

In its latest forecast the Australian Bureau of Agricultural Resource Economics and Science (ABARES) the value of agriculture production is tipped to reach a record $90bn in 2022/23, while exports are forecast to hit $75bn. ABARES attributes record production to three...