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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 prosperous, economically stable, and industrialized nation. Underpinning Australia's strong economy is its open and transparent trade and investment environment....
Health, wellness and the environment continue to be major focuses among Australian consumers.
Fresh orange production is estimated at 480,000 metric tons (MT) in 2017/18.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.