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- (-) May 2022
- (-) April 2016
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Milk production in Australia in 2022 is forecast to decrease by over four percent to 8.6 million metric tons (MMT). Despite generally good production conditions for 2022, the slump in milk production is largely due farmers continuing to exit the dairy industry through farm sales and some dairy farms partially or fully transitioning to less labor-intensive beef cattle production.
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.