Agricultural outlook
Agricultural commodities vol. 10 no. 1
Agricultural overview
16 June 2020
Farm production forecast to rebound following drought.
Australian crop report
10 June 2020
The opening to the winter cropping season in 2020–21 was generally very favourable.
Economic overview
16 June 2020
Global economy to enter recession in 2020.
Seasonal conditions
16 June 2020
Global production conditions generally favourable. Promising start to winter growing season across south-eastern Australia.
Coarse grains
16 June 2020
Barley prices to fall because of high world production.
Oilseeds
16 June 2020
Oilseed prices to fall, reflecting constrained global demand and high production.
Natural fibres
16 June 2020
Cotton prices to fall due to high stock levels and competition from synthetics. Wool prices to fall due lower demand for woollen apparel at retail.
Beef and veal
16 June 2020
Australian cattle prices to rise as herd rebuilding reduces supply.
Sheep meat
16 June 2020
Saleyard prices to remain high with drought-depleted flocks restricting supply of sheep meat.
Dairy
16 June 2020
Milk prices to fall due to global production increases and demand shocks.
Featured articles
Australian rice markets in 2020
Analysis of Australian rice markets in 2020.
African swine fever
This article examines how ASF is likely to affect global and Australian agricultural markets.
If you have any feedback about this publication or our forecasts, please contact us at ABARES Commodities.
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|---|---|---|
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Recent research
Seasonal climate scenarios for medium-term forecasts
Published 3 March 2020.
A challenge for medium-term forecasts of agricultural markets is that no reliable seasonal climate forecasts exist beyond the current growing season in southern Australia. ABARES is trialling a scenario approach to provide insights into the future state of Australian agriculture.
Farmers’ terms of trade: Update to farm costs and prices paid
Published 3 March 2020.
This paper reports on the results of an update to the way ABARES calculates the farmers' terms of trade (FToT) indicators. This includes updates to the price indexes for farm outputs and inputs to production, and measures of farm costs and net farm returns.
Performance and accuracy of ABARES agricultural forecasts analysed
Published 13 June 2019.
The Summary of ABARES agricultural forecasting paper analyses the performance and accuracy of ABARES agricultural forecasts in the Australian crop report and Agricultural commodities publications between 2000–01 and 2017–18.