Browse Data and Analysis

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 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.