Agricultural outlook
Agricultural commodities vol. 10 no. 2
Agricultural overview
15 September 2020
Farm production forecast to rebound following drought.
Australian crop report
8 September 2020
The opening to the winter cropping season in 2020–21 was generally very favourable.
Economic overview
15 September 2020
Economic crisis deepens through 2020.
Seasonal conditions
15 September 2020
Global production conditions generally favourable. Excellent finish likely for the winter growing season across south-eastern Australia.
Wheat
15 September 2020
Wheat prices to stay low relecting abundant global supply.
Coarse grains
15 September 2020
Barley prices to rise because of increasing Chinese demand.
Oilseeds
15 September 2020
Oilseed prices to remain low, reflecting constrained global demand and high production.
Sugar
16 June 2020
Sugar prices to remain low due to high world production and stocks.
Natural fibres
15 September 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
15 September 2020
Cattle prices to fall marginally, reflecting higher global beef supply.
Sheep meat
15 September 2020
Lamb saleyard prices to fall due to demand shock bought about by COVID-19.
Dairy
15 September 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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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.