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Orange production is expected to decline in Australia in marketing year (MY) 2022/23 to 505,000 metric tons (MT) from an estimated 535,000 MT in MY 2021/22. However, exports are forecast to rise to 180,000 MT from an estimated 145,000 MT in MY 2021/22, due to an anticipated substantial improvement in fruit quality.
Ethanol consumption in Australia is forecast to remain stable in 2022 at only 1.1 percent of the gasoline pool, and biodiesel is forecast to increase moderately from very low levels but remain at less than 0.1 percent of the total diesel pool. Australia has very large feedstock (grains and molasses) supplies for bioethanol as well as robust supplies of feedstock (canola, tallow and used cooked oil) for biodiesel production.
Australia, the world's 12th-largest economy, is a sophisticated market that is interested in new-to-market food products.
A synopsis of current news and events affecting the agricultural sectors in Australia and New Zealand.
The overall outlook for the dairy industry in Australia for 2014 is generally positive with milk production expected to increase by two percent. The August industry survey estimated overall industry confidence at 73 percent; a significant increase...
Growing demand for pet food is creating new opportunities for U.S exporters in both established and emerging markets worldwide.
While trade in chocolate confectionery remains small relative to overall demand, U.S. exporters are finding opportunities in both developed and emerging markets around the globe.