The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) says horticulture to reach $12 billion for 2021-22
Fruits
Vegetables
Australia
Published Mar 24, 2022
Tridge summary
THE value of Australian horticulture this financial year is set to reach the second highest on record. That's according to the federal government's Australian Bureau of Agricultural and Resource Economics and Sciences' (ABARES) March Quarter Agricultural Commodities Report. It's given a forecast figure of $12 billion for 2021-22.
Original content
That's based on expectations that most fruit and vegetable production over summer and autumn will be plentiful, supported by favourable seasonal conditions and low water prices. Its predictions for the year after are even more rosy with a figure of $12.5 billion reported, a rise of 4 per cent. "This is despite horticultural production being expected to fall moderately due to a return to average seasonal conditions," the report said. RELATED READING "Production of most fresh produce will continue to remain at high levels overall, supported by high water storage levels and low water prices." This year, ABARES provided forecasts for both a "faster recovery" scenario (the global economy continues an uneven recovery) and a "slower recovery" scenario (the global economy continues to recover but the pace is slower and more uneven than in the faster recovery scenario). The report listed almonds, avocados, berries, citrus, macadamia nuts and table grapes as crops which should have ...
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