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- (-) May 2022
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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.
Australia is a comparatively small producer of milk but accounts for over five percent of international dairy trade.
Australian wheat production in 2016/17 is forecast at 24 million MT, around the same level as the previous year.
Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total.