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Australia is a prosperous, economically stable, and industrialized nation. Underpinning Australia's strong economy is its open and transparent trade and investment environment....
Beneficial and widespread rainfall in early 2020 has increased prospects for a good start to the Australian grain sowing season.
Australia’s sugar production is expected to increase to 4.5 million metric tons (MMT) in marketing year (MY) 2020/21, from 4.285 MMT in MY 2019/20.
Australia’s cotton production is forecast to partially recover in 2020/21 and rise to 1.7 million bales, from a revised estimate of 625,000 bales in 2019/20.
Australian oilseed production in marketing year (MY) 2020/21 is forecast to begin to recover following years of drought-impacted crops.
Citrus is one of Australia’s foremost horticultural industries and the largest exporter of fresh fruit.
The China-Australia FTA is the main news story with Australia expected to gain significant new market access into China after the agreement’s implementation in 2015.
Australian policies on agriculture are currently being reviewed by the federal government and a White Paper is set for completion in 2015 in order to provide a new policy platform for the sector.
The Australian dairy and dairy products industry is still recovering from drought and the volume of milk production is expected to be around 9.6 million metric tons in 2015.
Australian wheat production for 2014-15 is expected to fall to 24 million tons due to lower than expected rainfall and declining yields.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
Drought in major cattle regions in Australia has significantly increased slaughter and production as producers bring forward turnoff, depressing domestic prices but boosting exports.