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- (-) August 2024
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Stone fruit production in Australia is forecast to increase in marketing year (MY) 2024/25, after above-average rainfall impacted some regions during the harvest period for MY 2023/24, which impacted overall production and quality.
A tale of two is emerging for wheat and barley growers in Australia. Those in the eastern states have entered the MY 2024/25 planting season with good soil moisture and a particularly good fall break with widespread rains in the first week of April.
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.