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Post forecasts Australian sugar production to increase to 5.1 million MT in 2016/17 assuming that improved seasonal conditions prevail.
The Australian beef cattle herd is expected to begin rebuilding in 2017, following record years of slaughter in response to high overseas prices and poor pasture conditions.
Citrus is one of Australia’s foremost horticultural industries and the largest exporter of fresh fruit.
In recent years, the Australian biofuel industry has faced lower world crude oil prices and fluctuating demand, as well as a number of policy changes.
Free Trade Agreements (FTAs) help expand foreign markets for U.S. producers and exporters by reducing trade barriers, fostering a more stable and transparent environment for trade and investment...
Australia is a comparatively small producer of milk but accounts for over five percent of international dairy trade.
Australian wheat production in 2016/17 is forecast at 24 million MT, around the same level as the previous year.
Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total.
Australian sugar production is forecast by Post to remain at the official estimate of five million MT in 2016/17.
In 2016/17, cotton production is expected to reach 2.5 million bales, assuming the continuation of average seasonal conditions.
The United States is the world’s largest producer of beef but it also imports more beef than any other country.
Over 2016, the Australian beef cattle herd is expected to decline to 25.6 million head after several years of record turn-off.