Browse Data and Analysis

Australia is expected to produce another big grain crop in marketing year (MY) 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22. Another favorable set of conditions around the time of winter grain planting across most production regions of Australia bodes well for another big planted area of wheat and barley for MY 2022/23.

Australia’s sugar production is forecast to increase to 4.45 million metric tons (MMT) in marketing year (MY) 2022/23, from an estimated 4.12 MMT in MY 2021/22. This increase is due to an expected rise in sugar cane crush to 32 MMT in MY 2022/23, from an estimate of 30.1 MMT in the previous year.

Australian oilseed production, dominated by canola, is expected to be strong again in marketing year (MY) 2022/23, after big crops in MY 2021/22. Canola production is forecast in MY 2022/23 at 4.7 million metric tons (MMT), down from the record-busting crop estimated at 6.35 MMT in MY 2021/22, but if realized would still be the second largest crop in history.

Australia and India have signed a new trade agreement, the Australia-India Economic Cooperation and Trade Agreement (AI ECTA). More than 85 per cent of Australian goods exports will have tariffs eliminated.

Cotton production in Australia is primed to set a new record of 6 million bales in MY 2022/23, after a bumper harvest estimate of 5.5 million bales in MY 2021/22. This forecast is due to the strong prospect of increased irrigation water availability at the start of planting in October 2022 along with current high cotton prices and strong futures prices.

Citrus production in Australia has experienced favorable conditions after above average rainfalls in all of the major growing areas across 2020 and 2021.

Ethanol consumption in Australia is forecast to decline in 2021 at only 1.1-percent of the gasoline pool, and biodiesel use similarly is forecast to decline from already very low levels at only 0.1-percent of the total diesel pool.

The Australian federal government is supportive of biotechnology and has committed considerable long-term funding to research and development.

Milk production in 2022 in Australia is forecast to increase moderately to 9.1 million metric tons (MMT) after a falling in 2021 to an estimated 9.0 MMT, a one percent decline from 2020.

Australia is a prosperous and industrialized nation with a stable economy. Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia.

Australia is set for a second consecutive bumper grain crop following two years of drought. For wheat and barley, during the fall planting period and winter and early spring growing period, rainfall has overall been very good across the growing...

FAS/Canberra’s sugar cane production estimate for Australia is revised down slightly for marketing year (MY) 2021/22 to 31 million metric tons (MMT).