Australia's agriculture, fisheries, and forestry sectors project a 2% increase to $89.5 billion in the coming financial year, driven by better winter conditions and rising livestock prices.
Australia's agriculture, fisheries, and forestry sectors are projected to achieve the third-highest yield on record, with a 2% increase to $89.5 billion in the upcoming financial year. This growth is attributed to improved winter seasonal conditions, rising livestock prices, and production. Despite a predicted 9% increase in winter crop production, global grain trade competition will limit export value growth.
June 03, 2024
9 Articles