by Freshagenda | Mar 2, 2022 | Australia, Forecast
ANZ sees a bright future for dairy, despite forecasting the herd will be the smallest it has been for 30 years in 2021/22. ANZ estimates there will be 2.3m dairy cattle and a milking herd of 1.4m head in the current season. However, the adoption of new technologies...
by Freshagenda | Mar 2, 2022 | Australia, Forecast
The Australian Bureau of Agricultural and Resource Economics and Science’s (ABARES) 2021/22 forecast and outlook report forecasts $81bn farm output along with record ag exports of $67bn. The forecast is $12bn ahead of prior year’s record and according to ABARES...
by Freshagenda | Dec 15, 2021 | Australia, Forecast
ABARES has lifted its agricultural production value forecast by $5.4bn to $78bn in its agricultural commodities December quarterly. The value of agricultural exports its forecast to hit a record $61bn off the back of exceptional seasonal conditions and a surge in...
by Freshagenda | Dec 15, 2021 | Australia, Forecast
Rabobank has lowered its milk production forecast for 2021/22 to 8.68bn litres, down 1.8% YOY due to significantly lower year-on-year peak production in October. Rabobank senior dairy analyst Michael Harvey said season-to-date production is now down 2.9% on the season...
by Freshagenda | Dec 8, 2021 | Australia, Forecast
Despite one of the most profitable seasons for some time, Australian milk production has been affected by wet and cold weather and labour shortages in 2020/21. In addition, high beef prices and pumped-up land values offer ample opportunities to diversify or exit....
by Freshagenda | Nov 17, 2021 | Australia, Forecast
A new USDA GAIN report projects Australian milk production will increase 1.1% YOY in 2022 to 9.1bn kg, the result of a 0.7% expansion in cow numbers and a 0.4% lift in average yields per cow. This would follow a 1.1% decline in 2021 affected by wet winter conditions...
