Global: Overseas Agriculture-related Information Express (Issue 427)

Published Mar 10, 2024

Tridge summary

Australia's agriculture, fishery and forestry sectors are projected to see a 6% increase in total output value, reaching A$90.8 billion by 2024/25, driven by favorable climate conditions and rising product prices. However, the country's agricultural exports are predicted to decline to A$68.1 billion in the same period. Similarly, EU pork exports are set to fall by 19.7% in 2023, marking the second consecutive year of decline. The Australian wine industry is also expected to face challenges, with a projected 6% decrease in exports in 2023/24 and an additional 3% drop the following year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. According to the latest report on Australian agricultural products and crops, due to favorable climate conditions and rising agricultural product prices, the total output value of Australia's agriculture, fishery and forestry is expected to rise sharply to A$90.8 billion in 2024/25, an increase of up to 6%, reaching the third highest level in history. High. Among them, the output value of crops and livestock products is expected to increase to A$48.7 billion and A$36.2 billion respectively. Although the production outlook is favorable, exports are expected to continue to decline, falling to A$71.6 billion in 2023/24, a decrease of 13%. It will continue to decline to A$68.1 billion in 2024/25, a decrease of 5%. 2. According to recent news from the German Agricultural News Network, EU pork exports will decline sharply for the second consecutive year in 2023. According to preliminary data from the European Commission, the total volume of pork exported by the EU in 2023 will be ...

Source: Foodmate