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- (-) May 2022
- (-) April 2019
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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 cotton production is forecast at 2.2 million bales for 2019/20.
Australia has proven to be an appealing and profitable market for U.S. companies for many years.
Post forecasts 2019/20 canola production to rebound to 3.7 million metric tons (MMT).
Australian sugar cane production is forecast to be stable at 34 million metric tons (MMT) in 2019/20.