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The Australian dairy and dairy products industry is still recovering from drought and the volume of milk production is expected to be around 9.6 million metric tons in 2015.
Australian wheat production for 2014-15 is expected to fall to 24 million tons due to lower than expected rainfall and declining yields.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Office of Agricultural Affairs forecasts that China’s MY2014/15 raisin production will increase by 9 percent to 180,000 tons.
Drought in major cattle regions in Australia has significantly increased slaughter and production as producers bring forward turnoff, depressing domestic prices but boosting exports.
On December 31, 2013, China’s National Standardization Technical Committee on Cotton Processing published the final version of National Standard on cotton baling (GB6975-2013).
MY 2014/15 sugar production is forecast at 13.3 million tons, down one million tons from MY 2013/14 on falling acreage.
Post’s September forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.
Australian sugar production is projected to grow to 4.6 million tonnes in 2014-15 with sugar cane acreage up slightly.