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2022 saw the start of the post-pandemic recovery for the hospitality industry in Australia.
Stone fruit production in Australia is forecast to increase in marketing year (MY) 2023/24, following two successive seasons affected by unseasonably wet weather, labor shortages at harvest, logistics challenges, and very high costs due to the COVID-19 pandemic.
FAS/Canberra’s sugar cane production estimate for Australia is revised downward for marketing year (MY) 2023/24 to 31.0 million metric tons (MMT). A very late finish to the MY 2023/24 harvest combined with a bigger-than-usual tropical wet season has...
Australian beef supply is forecast to recover in 2024 to the point of reaching the sixth highest production on record.
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, straightforward business culture.
In 2022, the Australia beef industry is set to continue its herd rebuilding phase which began in 2021. As the herd numbers have begun to recover, overall cattle slaughter is expected to rise from the 50-year low of last year.