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- (-) May 2022
- (-) December 2021
- (-) Australia
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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.
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.