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A recovery in Australian stone fruit production is forecast in marketing year (MY) 2020/21, after MY 2019/20 was impacted by challenging seasonal conditions.
Australia reached a partial settlement with Canada on its World Trade Organization dispute over Canadian federal and provincial wine measures.
Australian sugar production is forecast by Post to remain at the official estimate of five million MT in 2016/17.
In 2016/17, cotton production is expected to reach 2.5 million bales, assuming the continuation of average seasonal conditions.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.