Skip to main content Skip to main navigation Skip to search
Home

Top navigation main

  • News & media
  • Jobs
  • Ministers
  • Contact us
Main menu

AWE Main

  • Agriculture and land
    Agriculture and land Building stronger and more sustainable agriculture, fisheries, forestry and land care.
    • Animal health
    • Climate change and agriculture
    • Drought, disaster and rural support
    • Farming, food and drought
    • Fisheries
    • Forestry
    • Levies and charges on agricultural products
    • Mouse infestation advice
    • Plant health
    Xylella

    Protect against unwanted plant pests

    Our biosecurity system helps protects us. Everyone has a role in supporting our biosecurity system.

    Find out more

  • Biosecurity and trade
    Biosecurity and trade
    • Aircraft, vessels and military
    • Biosecurity policy
    • Cats and dogs
    • Exporting
    • Importing
    • Pests, diseases and weeds
    • Public awareness and education
    • Trade and market access
    • Travelling or sending goods to Australia
    • Report a concern
    Brown marmorated stink bug

    BMSB Seasonal Measures

    Australia has strengthened seasonal measures to manage the risk of BMSB.

    View our seasonal measures

  • Science and research
    Science and research Undertaking research and collecting data to support informed decisions and policies.
    • Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)
    • Plant Innovation Centre
    Abares

    ABARES Insights

    Get 'snapshots’ of agricultural, forestry and fisheries industries, or analysis of key issues.

    Find out more

  • About us
    About us We enhance our agricultural industries and trade, and manage the threat of biosecurity risks to Australia.
    • Accountability and reporting
    • Assistance, grants and tenders
    • Contact us
    • Fees and charges
    • News and media
    • Our commitment to you
    • Payments
    • People and jobs
    • Publications
    • What we do
    • Who we are
    Budget 2025-26

    Budget 2025-26

    The 2025–26 Portfolio Budget Statements were released on 25 March 2025.

    Find out more

  • Online services
    Online services We do business with you using online platforms. This makes it easier for you to meet your legal requirements.
Department of Agriculture

Breadcrumb

  1. Home
  2. About us
  3. News and media
  4. Correction on the cards as La Nina retreats

Back to news - AWE

  • Back to news

Correction on the cards as La Nina retreats

  • Media release
  • ABARES
  • Farming
  • Agriculture
6 June 2023

The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier than normal conditions after three La Nina years.

Executive Director of ABARES Dr Jared Greenville said the reduction was to be expected after the records broken in the past three years.

“The value of agricultural production will still reach $79 billion in 2023-24, which is an expected fall given the circumstances,” Dr Greenville said.

“We are expecting exports to follow suit, falling by 17% to $65 billion in 2023-24, which would be the third highest result on record.

“The latest seasonal outlooks see an expectation of drier conditions as we move away from three years of exceptional La Nina weather patterns.

“Looking further ahead, it’s likely we will see either El Nino or a positive Indian Ocean Dipole in the coming months, which will reduce crop yields.

“Crop production in 2023-24 is forecast to fall by 34 per cent from record production volume in 2022-23. At the same time, domestic prices for most crops are expected to fall in 2023-24.

“Prices both in Australia and overseas will also ease, as global production increases world supply.

“However, it’s not the same story across all industries. Horticulture production is expected to increase by $1.5 billion to reach a record $18 billion, reflecting strong growth in nut production and increasing domestic fruit and vegetable consumption.

“The wine industry will also rebound from a challenging 2022-23, as the expected drier conditions in 2023-24 should reduce the occurrence of disease which reduced the 2022-23 crop.

“The results are more mixed for the livestock sector. There will be slight increases in production across beef, sheep and milk, but a drop in the value of livestock production to $35 billion in 2023-24 because of lower prices.

“This is down to a number of factors, such as less demand for restocking, and like crops, we expect global production to pick up.

“We are also expecting a strong 2023-24 for the wool market. Strong demand for Australian from China is forecast to increase wool prices, with production values expected to rise by $175 million in 2023-24.”

You can read the June quarter Agricultural Commodities Report here: ABARES website.

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Email
  • Copy link

Contact us

media@aff.gov.au

(61 2) 6272 3232

Related

Decorative image

Public submissions open for ABARES Australian chicken meat industry review

  • Media release
  • Agriculture
23 April 2025
Decorative

Enhancing Public Participation in Biosecurity Surveillance

  • Newsletter
  • Biosecurity
31 March 2025
Decorative image

ABARES to conduct chicken meat industry review

  • Media release
  • ABARES
28 March 2025
Thanks for your feedback.
Thanks! Your feedback has been submitted.

We aren't able to respond to your individual comments or questions.
To contact us directly phone us or submit an online inquiry

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Please verify that you are not a robot.

Skip
Page last updated: 05 September 2023

We acknowledge the continuous connection of First Nations Traditional Owners and Custodians to the lands, seas and waters of Australia. We recognise their care for and cultivation of Country. We pay respect to Elders past and present, and recognise their knowledge and contribution to the productivity, innovation and sustainability of Australia’s agriculture, fisheries and forestry industries.

Artwork: Protecting our Country, Growing our Future
© Amy Allerton, contemporary Aboriginal Artist of the Gumbaynggirr, Bundjalung and Gamilaroi nations.

Footer

  • Contact us
  • Accessibility
  • Disclaimer
  • Privacy
  • FOI

© Department of Agriculture, Fisheries and Forestry

Facebook X LinkedIn Instagram