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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.
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.