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Cotton production in Australia is primed for a near record 5.8 million bales in MY 2023/24, stringing together three successive big crops starting from the record 5.85 million bales in MY 2021/22.
Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated and straightforward business culture.
The Australian cattle industry is expected to continue its strong herd rebuild in 2023 and Australian beef supply is expected to recover after falling to the lowest level in twenty-five years in 2021 and in 2022.
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).
Australia’s table grape production is expected to increase to 210,000 MT in marketing year (MY) 2021/22, from an estimated 200,000 metric tons (MT) in MY 2020/21.
The Australian consumer foodservice industry is valued at A$60 (US$44) billion.