Agricultural outlook

Agricultural commodities vol. 10 no. 3

Agricultural overview

7 December 2020

Crop production and saleyard cattle upgrades drive value higher.

Crop production and saleyard cattle upgrades drive value higher.

Australian crop report

1 December 2020

The opening to the winter cropping season in 2020–21 was generally very favourable.

Winter crop production in 2020–21 forecast to be second highest on record.

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Forecasts and historical statistics.

Forecasts and historical statistics.

Economic overview

7 December 2020

Economic conditions to improve in 2021.

Economic conditions to improve in 2021.

Seasonal conditions

7 December 2020

Global production conditions mixed. Favourable growing conditions likely for the summer season across eastern and northern Australia.

Global production conditions mixed. Favourable growing conditions likely for the summer season across eastern and northern Australia.

 

Wheat

7 December 2020

World wheat prices to rise, reflecting higher global demand and decreased supply from some major exporters.

World wheat prices to rise, reflecting higher global demand and decreased supply from some major exporters.

Coarse grains

7 December 2020

World barley proces to rise because of increasing Chinese demand.

World barley prices to rise because of increasing Chinese demand.

Oilseeds

7 December 2020

Oilseed prices supported as global demand outstrips supply.

Oilseed prices supported as global demand outstrips supply.

Natural fibres

7 December 2020

Cotton prices to remain low due to high stock levels and competition from synthetics. Wool prices to fall due lower demand for woollen apparel.

Cotton prices to remain low due to high stock levels and competition from synthetics. Wool prices to fall due lower demand for woollen apparel.

Wine

7 December 2020

Wine grape proces to fall due to lower export proces for red wine.

Wine grape prices to fall due to lower export prices for red wine.

Horticulture

7 December 2020

Value of horticultural production to increase due to rising prices offsetting falling production.

Value of horticultural production to increase due to rising prices offsetting falling production.

Beef and veal

7 December 2020

Australian cattle prices average higher in 2020-21 due to restocking demand.

Australian cattle prices average higher in 2020-21 due to restocking demand.

Sheep meat

7 December 2020

Saleyard proces to fall due to impacts of COVID-19 and dissipating demand resulting from African swine fever.

Saleyard prices to fall due to impacts of COVID-19 and dissipating demand resulting from African swine fever.

Dairy

7 December 2020

Milk prices to fall due to global production increases and demand shocks.

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.

Meat consumption

Analysis of global meat consumption trends.

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.

Last reviewed: 7 December 2020
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