Agricultural commodities: June quarter 2019
The June 2019 edition of Agricultural commodities contains ABARES latest outlook for Australia's key agricultural commodities for 2019–20.
Market forecasts
Agricultural overview
In 2019-20 the national value of farm production is forecast to be $59 billion.
Read more about Agricultural overview
Economic overview
Global economic growth has been revised down by 0.2 percentage points from 3.5% to 3.3% in 2019.
Read more about Economic overview
Seasonal conditions
Global production conditions generally favourable. Promising start to winter growing season across south-eastern Australia.
Read more about Seasonal conditions
Wheat
Wheat prices to average lower due to increased global production.
Read more about Wheat
Coarse grains
Barley prices to fall due to rising world coarse grain production and substitution of wheat for feed.
Read more about Coarse grains
Oilseeds
Oilseed prices to fall, reflecting constrained Chinese demand and higher production in Australia and Ukraine.
Read more about Oilseeds
Natural fibres
Cotton prices to fall due to increased global production and high stock levels. Wool prices to fall as higher volumes of superfine wool come to market.
Read more about Natural fibres
Beef and veal
Australian cattle prices to rise due to increased demand for frozen beef exports and a reduced supply of cows in saleyards.
Read more about Beef
Sheep meat
Lamb prices to rise to historical highs due to strong saleyard competition.
Read more about Sheep
Dairy
Farmgate milk price to remain steady, supported by a falling Australian dollar.
Read more about Dairy
If you have any feedback about this publication or our forecasts, please contact us at ABARES Commodities.
[expand all]
Download report
| Document | Pages | File size |
|---|---|---|
Agricultural commodities – June 2019 PDF  | 54 | 11.4 MB |
Forecast data – June 2019 XLSX  | 11 | 64 KB |
| Statistical tables – June 2019 XLS | 32 | 476 KB |
|
Infographics – June 2019 PDF | 3 | 724 KB |
If you have difficulty accessing these files, please visit web accessibility.
Previous reports
If you have difficulty accessing these files, please visit web accessibility.