Browse Data and Analysis

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.

Good conditions at planting and during the early growth phase for wheat and barley production have prevailed for marketing year (MY) 2023/24. However, after a record setting winter crop in MY 2022/23, Australia is expected to produce a strong but more subdued grain crop in MY 2023/24.

Although Australia is experiencing rising inflation, supermarket and grocery store incomes are benefitting by largely passing the price increases on to customers. Profit margins in supermarkets and grocery stores rose by 4.2 percent in 2022.