The March 2019 edition of
Agricultural commodities contains ABARES latest outlook for Australia's key agricultural commodities to 2023–24.
The value of farm production remains above the 10-year average despite drought conditions.
Read more about Agricultural overview
Economic growth in Australia's main export markets remains strong, but downside risks have increased.
Read more about Economic overview
A return to average rainfall provides mixed benefits. Unfavourable summer rainfall outlook for northern Australia.
Read more about Seasonal conditions
Lower global production to drive wheat prices higher.
Read more about Wheat
Barley prices to increase due to falling world coarse grain stocks.
Read more about Coarse grains
Canola prices to rise, reflecting an increase in Chinese imports and a fall in exportable supplies.
Read more about Oilseeds
Sugar prices to rise due to lower world production.
Read more about Sugar
Demand from China for Australian wine to support wine grape prices.
Read more about Wine
Growing fruit and nuts production to increase horticultural value.
Read more about Horticulture
Record world cotton demand to increase prices and lower stocks. A decline in Australian wool production is expected to support prices.
Read more about Natural fibres
Australian cattle prices to fall due to higher global production and export market competition.
Read more about Beef
Lamb prices to fall only slightly from historical highs because of strong saleyard competition.
Read more about Sheep
Milk prices to fall due to increased production by major competitors.
Read more about Dairy
Pig and chicken meat production growth to slow in 2018–19 and 2019–20 due to high prices for domestic feed grains.
Read more about Pig and chicken meat
Salmonids and rock lobster are forecast to drive growth in fisheries and aquaculture production value.
Read more about Fisheries
Analysis of global meat consumption trends.
Read more about Meat consumption
Average farm cash incomes fall in 2018–19.
Large variations across regions and industries.
Read more about Farm performance
Over the past 25 years, non-tariff measures have become increasingly important to Australia's agricultural trade.
Read more about NTM
Farm performance varied significantly for farms of different sizes.
Read more about Disaggregating Farm Performance
Long-term productivity growth in the broadacre industries average 1.0% per year, while dairy industry productivity growth was 1.6% per year.
Read more about Agricultural Productivity
If you have any feedback about this publication or our forecasts, please contact us at
If you have difficulty accessing these files, please visit