The Agricultural Commodities Report contains ABARES forecasts for the value, volume and price of Australia's agricultural production and exports. Underpinning the forecasts contained in the Agricultural Commodities Report are ABARES outlook for global commodity prices, demand and supply.
Agricultural overview
7 June 2022
Near record gross value of Australian agriculture in 2022–23. Read more about Agricultural overview.
Australian crop report
7 June 2022
Excellent winter crop prospects in 2022–23. Record summer crop production in 2021–22.
Economic overview
7 June 2022
The war in Ukraine has reduced global growth prospects in the short-term.
Seasonal conditions
7 June 2022
Global crop production under pressure due to the impact of La Niña. Favourable growing conditions continue across much of Australia.
Outlook for crops
7 June 2022
Value of crop production forecast to reach $45 billion in 2022–23.
Outlook for livestock
7 June 2022
Value of livestock production forecast to reach $35 billion in 2022–23.
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Water market outlook
Provides a summary of water market conditions and the outlook for allocation prices in the sMDB
If you have any feedback about this publication or our forecasts, please contact us at ABARES Commodities.
| Document | File size |
|---|---|
| Agricultural commodities – June 2022 PDF | 2.5 MB |
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Previous reports are also available for download.
The Agricultural Commodities Report contains ABARES forecasts for the value, volume and price of Australia's agricultural production and exports.
Underpinning the forecasts contained in the Agricultural Commodities Report are ABARES outlook for global commodity prices, demand and supply. Each edition of the report factors in how changes to this outlook affect Australian producers and the value of their produce. Important risks to the outlook are also considered and discussed in each report.
A ‘medium term’ (5 year) outlook is published each year in the March edition of the Agricultural Commodities Report. Each June, September and December edition contains a short-term outlook. In June, the forecast period is to the end of the next Australian financial year (July to June). In September and December, the forecast period is to the end of the current Australian financial year.
Recent research
Introducing ABARES historical agricultural forecast database
Published 14 April 2021.
This paper provides a summary and analysis of forecast performance using ABARES newly released historical agricultural forecast database.
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.