AgCommodities201812_v1.0.0.pdf
Resource Name:
AgCommodities201812_v1.0.0.pdf
File Size:
10.58 MB
Resource Type:
Pdf Documents
Title:
Agricultural commodities: December quarter 2018
Series:
Agricultural commodities
Series Issue:
December quarter 2018
Publication Date:
11/12/2018
Description:
Overview
* The value of farm production in 2018-19 is forecast to fall 3 per cent to $58 billion, which is still above the 10 year average of $56 billion.
* The value of crop production is forecast to drive this decline (down 7 per cent to $29 billion), due lack of rainfall in key growing regions along the east coast.
* Partially offsetting falling production are forecast increases in the price of broadacre crops and strong production in Western Australia, which provides a buffer for the national outlook.
* The value and volume of production is not forecast to be as low nationally as in previous drought events, which were more widespread.
* The value of livestock production is forecast to increase by 2 per cent to almost $30 billion, driven by higher turn-off.
* Farm profitability is likely to be lower in 2018-19 due primarily to lower production and rising input costs, with the most severe impacts in those regions affected by drought.
* Agricultural export earnings are forecast to fall by 7 per cent to $45 billion due to lower exportable supplies.
* The entry into force of the Trans Pacific Partnership will improve market access for Australian exporters and give competitive advantages over non members.
* The continuing trade conflict between the United States and China continues to be a key source of uncertainty in the outlook for Australian agricultural exports.
Resource URL Description:
0 : Agricultural commodities: December quarter 2018 - Report - PDF [10.6 MB]
1 : Agricultural commodities: December quarter 2018 - Report with lower resolution images - PDF [4.8 MB]
2 : Agricultural commodities: December quarter 2018 - Infographic - PDF [0.7 MB]
3 : Agricultural commodities: December quarter 2018 - AgOverview - PDF [1.4 MB]
4 : Agricultural commodities: December quarter 2018 - EconOverview - PDF [0.8 MB]
5 : Agricultural commodities: December quarter 2018 - SeasonalConditions - PDF [1.9 MB]
6 : Agricultural commodities: December quarter 2018 - WheatOutlook - PDF [0.8 MB]
7 : Agricultural commodities: December quarter 2018 - CoarseGrainsOutlook - PDF [0.7 MB]
8 : Agricultural commodities: December quarter 2018 - OilseedsOutlook - PDF [0.7 MB]
9 : Agricultural commodities: December quarter 2018 - NaturalFibresOutlook - PDF [0.9 MB]
10 : Agricultural commodities: December quarter 2018 - SugarOutlook - PDF [0.8 MB]
11 : Agricultural commodities: December quarter 2018 - BeefAndVealOutlook - PDF [0.8 MB]
12 : Agricultural commodities: December quarter 2018 - SheepMeatOutlook - PDF [0.7 MB]
13 : Agricultural commodities: December quarter 2018 - DairyOutlook - PDF [0.8 MB]
14 : Agricultural commodities: December quarter 2018 - Commodities - data tables. - MS Excel [0.1 MB]
15 : Agricultural commodities: December quarter 2018 - Statistics - data tables. - MS Excel [1.4 MB]
Resource URL:
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Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author:
ABARES
Right Management:
Use constraints: copyright
Other constraints: Licence type: Copyright Commonwealth of Australia 2018
Other constraints: All material in this publication is licensed under a Creative Commons Attribution 4.0 licence, save for content supplied by third parties, logos and the Commonwealth Coat of Arms. Creative Commons Attribution 4.0 licence is a standard form licence agreement that allows you to copy, distribute, transmit and adapt this publication provided you attribute the work. (https://creativecommons.org/licenses/by/4.0)
Other constraints: This publication (and any material sourced from it) should be attributed as: ABARES 2018, Agricultural commodities: December quarter 2018, Australian Bureau of Agricultural and Resource Economics and Sciences, Canberra, December. CC BY 4.0. https://doi.org/10.25814/5c07aed43fec2
Identifier:
ISBN 978-1-74323-410-5
ISSN 1839-5627
Asset Name:
pb_agcomd9abcc20181211_ZmkA6GhJ