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Milk production for 2024 in Australia is forecast to increase by 0.6 percent to 8.50 million metric tons (MMT) after stabilizing in 2023 at an estimated 8.45 MMT from previous years of declining production. The forecast is amid an El Niño weather pattern in late 2023, likely to continue into 2024.
The Australian federal government supports biotechnology and has committed considerable long-term funding to research and development.
Wheat and barley crops have had a great start to the season, with high soil moisture reserves and good rains in the fall. But rainfall has been well below average from July to September 2023.
Australia is a major producer of raw materials and processed foods but imports a growing volume of food and beverages.
The outlook for winter grains production in Australia has deteriorated due to particularly adverse seasonal conditions, including lower than expected spring rainfall and record temperatures.
Australian milk production is expected to rise slightly in 2016 to 9.8 million metric tonnes, due to higher milk yields and improved seasonal conditions.
Australian sugar production is projected to reach five million tonnes in 2015/16 assuming that average seasonal conditions prevail.
Livestock and livestock products is a significant industry in Australia and accounts for one fifth of farm production while beef farms manage three quarters of all agricultural land.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Australian Department of Agriculture has released the draft Biosecurity (Biosecurity Import Risk Analyses) Regulation 2015 (BIRA regulation) for public consideration.
Australia is the world's 13th largest economy, with nominal GDP of US$1.5 trillion and one of the highest levels of per capita GDP in the world.
Legislation to strengthen Australia’s biosecurity system, simplify and streamline regulation and increase flexibility in how biosecurity risk is managed received royal assent on June 16, 2015...