Agricultural Commodities Report March 2026

• Gross value of agricultural production expected to reach $101 billion in 2025–26.
• Gross value of agricultural production to fall by 6% to $95 billion in 2026–27.
• Livestock and livestock product value to fall 8% to $43 billion, reflecting lower prices and volumes.
• Value of crop production to fall 5% to $52 billion reflecting lower production volume.
• Agricultural export value to fall by 9% to $73 billion driven by lower livestock product and grain exports.
• Average farm business profit to fall in 2026-27 driven by lower crop and livestock receipts.

Download this report: Overview (PDF - 4.9 MB)

• Total global grains and oilseeds production is expected to reach a new record high for 2025–26.
• Late spring rainfall has boosted winter crop and pasture production across parts of southern Australia.
• National winter crop production in 2025–26 is expected to be the second highest on record.
• Much of Australia is expected to receive below average rainfall during autumn 2026.

Download this report: Seasonal conditions (PDF - 4.9 MB)

• The gross value of wheat production to fall by 13% to $9.5 billion in 2026–27.
• High global carry in stocks are expected to place downward pressure on wheat prices in 2026–27.
• The value of exports to fall by 13% to $8.6 billion 2026–27.
• Production forecast to fall in 2026–27 due to reduced area planted and lower wheat yields.
• The value of production projected to fall $8.6 billion in real terms by 2030–31.

Download this report: Wheat (PDF - 4.9 MB)

• The value of barley production to decrease by 12% to $4.3 billion in 2026–27.
• Barley export value to decrease by 10% to $3.1 billion in 2026–27 but remain above 10-year average.
• The value of sorghum production to fall by 8% to $844 million in 2026–27.
• Sorghum export value to increase by 1% to $900 million in 2026–27.

Download this report: Coarse grains (PDF - 4.9 MB)

• Value of canola production to fall by 8% to $5.4 billion in 2026–27.
• Value of canola exports forecast to fall by 16% to $4.1 billion in 2026–27.
• Australian canola production is forecast to fall by 9% to 7.0 million tonnes in 2026–27.
• Global oilseed prices are set to rise over the medium term outlook.

Download this report: Oilseeds (PDF - 4.9 MB)

• Value of Australian wine grape production to fall by 2% to $644 million in 2026–27.
• Value of Australian wine exports to fall by 5% to $2.3 billion in 2026–27.
• Average wine grape prices to continue falling into 2026–27 and remain below long-term average levels.
• Real value of wine grape production and exports to moderate over the medium term to 2030–31.

Download this report: Wine grapes (PDF - 4.9 MB)

• Value of horticulture production to increase by 3% to $19.3 billion in 2026‍–‍27.
• Value of horticulture exports to increase by 1% to $4.4 billion in 2026–‍27.
• Horticulture export prices to fall in 2026‍–‍27, reflecting strong global supply.
• Real value of horticulture production and exports to rise modestly over the medium-term outlook.

Download this report: Horticulture (PDF - 4.9 MB)

• The gross value of cotton production to fall by 6% to $2.2 billion in 2026–27.
• Cotlook A Index to rise by 4% to average 79 US cents per pound in 2026–27.
• Cotton production to fall by 7% in 2026–27 due to reduced area planted to cotton.
• The value of cotton exports to decline by 13% to $2.8 billion in 2026–27.
• Rising global cotton demand to drive higher production and export values over the medium term.

Download this report: Cotton (PDF - 4.9 MB)

• The gross value of cattle slaughter and live exports to fall by 14% to $19.6 billion in 2026–27.
• ABARES Saleyard Indicator Price to decline 9% to average 705 cents per kilogram in 2026–27.
• Beef production to fall by 6% to 2.6 million tonnes (carcase weight) due to lower cattle availability.
• The value of beef and live cattle exports to decline by 18% to $16.3 billion in 2026–27.
• Firm global demand for beef to drive higher production and export values over the medium term.

Download this report: Beef and cattle (PDF - 4.9 MB)

• Value of sheep slaughter, wool and live sheep production to fall by 3% to $9.4 billion in 2026–27.
• Lamb and mutton saleyard prices to ease but remain elevated on average across 2026–27.
• Wool prices to maintain recent strength in 2026–27 with robust demand from China.
• Value of sheep meat, wool and live sheep exports to fall by 2% to $8.9 billion in 2026–27.
• Firm global demand for lamb and mutton to drive higher production values over the medium term.

Download this report: Lamb, sheep and wool (PDF - 4.9 MB)

• The gross value of milk production to fall by 4% to $5.7 billion in 2026–27.
• The value of dairy exports to fall by 5% to $3.4 billion in 2026–27 reflecting lower export volumes.
• Dairy product export prices to rise in 2026–27, reflecting lower global production compared to 2025–26.
• Australian milk production to fall with lower cow numbers outweighing higher yields in 2026–27.
• Farmgate milk prices to rise over the medium term with lower production and strong global dairy demand.

Download this report: Dairy (PDF - 4.9 MB)

• The gross value of pig and poultry slaughter to rise by 2% to $6.6 billion in 2026‍–‍27.
• Pig and poultry meat export value to increase by 3% to $365 million in 2026‍–‍27.
• Value of egg production to decline by 1% in 2026‍–‍27, as elevated prices expected to stabilise further.
• Consumer substitution due to high red meat prices to keep pig and poultry meat demand elevated.
• Pig, poultry and egg production projected to grow over the medium term, driven by demand growth.

Download this report: Pigs, poultry and eggs (PDF - 4.9 MB)

• Value of fisheries and aquaculture production to increase by 3% in 2026–27 to $4.0 billion, driven by higher production values of wild-caught rock lobster and aquaculture salmonids.
• Over the medium term, a strengthening Australian dollar is expected to ease seafood prices.
• Medium term production growth of salmonids to keep fishery and aquaculture production value stable.

Download this report: Fisheries and aquaculture (PDF - 4.9 MB)

• Value of Australian forestry production to increase by 3% to $2.23 billion in 2026-27.
• Movements in hardwood and softwood markets are expected to offset one another.
• Value of softwood production to increase slightly, affected by domestic construction markets.
• Value of hardwood plantation production to decrease, affected by easing global woodchip markets.
• Native forestry GVP to maintain historically low levels following 20 years of contraction in the industry.

Download this report: Forest and wood products (PDF - 4.9 MB)