Browse Data and Analysis

Early seasonal conditions for the MY 2023/24 citrus crop have been favorable, and producers expect to benefit from an easing of fertilizer and crop protection chemical costs, along with a further easing of labor constraints. Orange production is expected to increase five percent to 530,000 metric tons (MT) from the prior’s year estimate, the second highest over the last two decades.

Australia is a prosperous and industrialized nation with a stable economy. The country’s strong economy underpins its open and transparent trade and investment environment and trade and economic links with emerging economies, particularly in Asia.

Australia has been a world powerhouse of high-quality wool production and exports for over 150 years. The industry now exports around 323,000 metric tons (MT) of wool valued at about US$2.3 billion - more than any other wool exporter.

The revision of the Malaysia’s Biosafety Act 2007 and Biosecurity Regulations are on-going, with no anticipated timeframe for publication. In addition, the Department of Biosafety Malaysia conducted a public consultation on Low-Level Presence (LLP)...

The Malaysian Government looks towards 2025 and B30 implementation. Interest in sustainable aviation fuel (SAF) is gaining traction and a few projects by the national oil company, Petronas and the state government of Sarawak are in the works.

Milk production for 2024 in Australia is forecast to increase by 0.6 percent to 8.50 million metric tons (MMT) after stabilizing in 2023 at an estimated 8.45 MMT from previous years of declining production. The forecast is amid an El Niño weather pattern in late 2023, likely to continue into 2024.

The Australian federal government supports biotechnology and has committed considerable long-term funding to research and development.

Wheat and barley crops have had a great start to the season, with high soil moisture reserves and good rains in the fall. But rainfall has been well below average from July to September 2023.

Chickpeas, also known as garbanzo beans, are a legume full of protein, fiber, complex carbohydrates, and are relatively low in calories. Chickpeas are used in many Indian and Mediterranean dishes. Australia, India, and Canada are the top three chickpea exporters accounting for more than 40 percent of the world’s exports in 2022. Pakistan is the largest importer, followed by the European Union, Bangladesh, and Turkey.

Australia’s table grape production is expected to increase to a record 220,000 MT in marketing year (MY) 2023/24 from an estimated 210,000 metric tons (MT) in MY 2022/23.

Domestic tourism and consumer spending have helped drive the post-pandemic recovery in Malaysia’s hotel, restaurant, and institutional (HRI) industry.

2022 saw the start of the post-pandemic recovery for the hospitality industry in Australia.