Browse Data and Analysis

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 wheat production is forecast at 20 million metric tons (MMT) for 2019/20 while barley production is forecast at 8 MMT, with some growers likely to switch to other crops, such as wheat.