Agricultural outlook

Agricultural commodities vol. 10 no. 1

Agricultural overview

16 June 2020

Farm production forecast to rebound following drought.

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.

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

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Global economic growth is assumed to be 3% in 2019 and 3.4% in 2020.

Forecasts and historical statistics.

Economic overview

16 June 2020

Global economy to enter recession in 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.

Global production conditions generally favourable. Promising start to winter growing season across south-eastern Australia.

 

Wheat

16 June 2020

Wheat prices to stay low relecting abundant global supply.

Wheat prices to stay low relecting abundant global supply.

Coarse grains

16 June 2020

Barley prices to fall because of high world production.

Barley prices to fall because of high world production.

Oilseeds

16 June 2020

Oilseed prices to fall, reflecting constrained global demand and high production.

Oilseed prices to fall, reflecting constrained global demand and high production.

Sugar

16 June 2020

Sugar prices to fall due to higher world production.

Sugar prices to fall due to higher world 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.

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.

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.

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.

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.

Water market outlook

Analysis of water market outlook.

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: 16 June 2020
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