Agricultural commodities: December quarter 2018
The December edition of Agricultural commodities contains ABARES latest outlook for Australia's key agricultural commodities in 2018-19. This release is an update to the outlook released in March 2018.
The value of farm production remains above the 10-year average despite drought conditions.
Economic growth in Australia's main export markets remains strong, but downside risks have increased.
A return to average rainfall provides mixed benefits. Unfavourable summer rainfall outlook for northern Australia.
Lower global production to drive wheat prices higher.
Barley prices to increase due to falling world coarse grain stocks.
Canola prices to rise, reflecting an increase in Chinese imports and a fall in exportable supplies.
Record world cotton demand to increase prices and lower stocks. A decline in Australian wool production is expected to support prices.
Sugar prices to fall to a 10-year low, driven by record world supplies.
Beef and veal
Australian cattle prices to fall due to higher production and export market competition.
Lamb prices to rise due to strong export demand and falling supplies in major exporting countries.
Milk prices to rise due to a falling Australian dollar and increased competition for milk.
If you have any feedback about this publication or our forecasts, please contact us at ABARES Commodities.
|Agricultural commodities – December 2018 PDF||51||10.8 MB|
|Forecast data – December 2018 XLS||12||65 KB|
|Statistical tables – December 2018 XLS||65||1.4 MB|
|Infographics – December 2018 PDF||3||732 KB|
If you have difficulty accessing these files, please visit web accessibility.