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Title:
Agricultural Commodities: June 2020
Series:
Agricultural commodities
Series Issue:
March quarter 2020
Publication Date:
16/06/2020
Description:
The Agricultural commodities report contains ABARES latest outlook for Australia's key agricultural commodities. The recovery from 3 years of drought is expected to dominate the effects of the COVID-19 pandemic. The gross value of agricultural production is forecast to rise modestly in 2020-21. Farm production is forecast to rebound strongly, driven by higher crop production volumes. A favourable start to the winter cropping season for much of the east coast has improved production prospects. Herd and flock rebuilding combined with overall lower animal numbers is forecast to drag on livestock and livestock products production. The COVID-19 pandemic is expected to lead to reduced demand and lower prices for many agricultural commodities. Global production conditions are generally favourable and record or near record crop production is forecast. Prices are forecast to fall for most grains, oilseeds, pulses, fodder crops, milk, sugar and fibres. Red meat prices are expected to rise modestly due to ASF-driven demand. The COVID-19 pandemic and subsequent uncertainty around global economic recovery presents large risks to the outlook, primarily to the downside.
Resource URL Description:
0: Agricultural commodities: June quarter 2020 - Report - PDF [7.32 MB]

1: Agricultural commodities: June quarter 2020 - Report with lower resolution images - PDF [2.94 MB]

2 : Agricultural commodities: June quarter 2020 - Commodities - data tables - MS Excel [176 KB]

3 : Agricultural commodities: June quarter 2020 - Statistics - data tables - MS Excel [582 KB]

4 : Agricultural commodities: June quarter 2020 - Agricultural overview - PDF [1.47 MB]

5 : Agricultural commodities: June quarter 2020 - Economic overview - PDF [1.29 MB]

6 : Agricultural commodities: June quarter 2020 - Seasonal conditions - PDF [2.08 MB]

7 : Agricultural commodities: June quarter 2020 - Wheat - PDF [1.40 MB]

8 : Agricultural commodities: June quarter 2020 - Coarse grains - PDF [1.16 MB]

9 : Agricultural commodities: June quarter 2020 - Oilseeds - PDF [1.15 MB]

10 : Agricultural commodities: June quarter 2020 - Sugar - PDF [1.12 MB]

11 : Agricultural commodities: June quarter 2020 - Natural fibres - PDF [1.27 MB]

12 : Agricultural commodities: June quarter 2020 - Beef and veal - PDF [1.50 MB]

13 : Agricultural commodities: June quarter 2020 - Sheep meat - PDF [1.37 MB]

14 : Agricultural commodities: June quarter 2020 - Dairy - PDF [1.14 MB]

15 : Agricultural commodities: June quarter 2020 - Australian rice markets in 2020 - PDF [1.36 MB]

16 : Agricultural commodities: June quarter 2020 - Water market outlook - PDF [1.00 MB]
Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture, Water and the Environment
Author:
ABARES
Right Management:
Use constraints: copyright

All material in this publication is licensed under a Creative Commons Attribution 4.0 International Licence, save for content supplied by third parties, logos and the Commonwealth Coat of Arms.

Other constraints: This publication (and any material sourced from it) should be attributed as: ABARES 2020, Agricultural commodities: June quarter 2020, Australian Bureau of Agricultural and Resource Economics and Sciences, Canberra, June. CC BY 4.0. https://doi.org/10.25814/5ec210973b2
Identifier:
ISSN 1839-5627

ISBN 978-1-74323-487-7

DOI https://doi.org/10.25814/5ec210973b2b8
Asset Name:
pb_agcomd9abcc20200616
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