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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 is a prosperous, economically stable, and industrialized nation. Underpinning Australia's strong economy is its open and transparent trade and investment environment....
Health, wellness and the environment continue to be major focuses among Australian consumers.
Fresh orange production is estimated at 480,000 metric tons (MT) in 2017/18.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Australian dairy industry is recovering from a period of significant disruption with a spike in exits from the industry.
Post has further lowered its estimate for Australian wheat production to 20 million MT for 2017/18, due to continuing adverse seasonal conditions across most cropping areas.
Post forecasts the Australian sugar cane crush for 2017/18 at 34 million MT, up 6 percent on the official forecast.
Uncertain seasonal conditions for Australia are expected to slow cattle herd rebuilding.
The Australian biofuel industry and market remain small because mandates do not cover the entire country and remain modest compared to other countries with biofuel programs, and tax relief....
Post forecasts Australian cherry production to rebound to 16,000 metric tons in 2017/18, after adverse seasonal conditions sharply reduced output to 10,000 MT in 2016/17.