Browse Data and Analysis

A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.

On March 14, 2025, the Ministry of Trade and Integration announced the second stage of 2025 meat and poultry quotas by HS code for historic suppliers (i.e., importers).

A larger than average crop this year caused Kazakhstan to introduce export subsidies for shipping wheat to Europe and other Central Asian countries effective through September 1, 2025.

Australia’s sugar production is forecast to decline to 3.8 million metric tons (MMT) in marketing year (MY) 2025/26, down from an estimated 3.85 MMT in MY 2024/25, marking the lowest level of production in over a decade.

Australian oilseed production, dominated by canola, is expected to be strong for the fifth consecutive season during the marketing year (MY) 2025/26.

After four successive years of big cotton crop production in Australia, the forecast for marketing year (MY) 2025/26 falls to 4.1 million bales, 13 percent above the previous 10-year average.

Australia's 2025 Federal Budget allocates significant funds to support and grow the agriculture, fisheries, and forestry sectors, with measures focused on climate resilience, trade, and food security, including funding for drought preparedness, emissions reduction, and market access.

Australian beef production and exports are forecast to reach record levels in 2025, building on the record export results achieved in 2024. This situation is similar to 2014 and 2015, when strong U.S. demand was driven by herd rebuilding leading to similar peaks in beef production and exports for Australia.

A major driver of Australia's manufacturing sector is its food, beverage, and grocery industries, which account for a third of all activity. Recent growth has been strong, with an 11% increase in turnover to US$107 billion in 2022-23.

Kazakhstan’s total wheat production has been revised up to 16.5 million metric tons as good weather during last year’s summer vegetative period resulted in a larger than average crop. Barley production estimates are raised slightly to 3.8 million metric tons.

On December 30, 2024, the Ministry of Trade and Integration announced the first stage of 2025 meat and poultry quotas by HS code for historic suppliers (i.e., importers). The first stage approved the distribution of 2,835 tons of beef and 31,500 tons of poultry.

According to Australian law, the excise duty rates levied on alcohol are subject to biannual indexation, with adjustments made in accordance with the upward trajectory of the Consumer Price Index (CPI).