ABARES says 2024-25 looking strong

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Australian agricultural production value should top $88 billion in 2024-25 – a rise of $6 billion and the second highest value ever if realised, according to ABARES’ December 2024 quarter forecasts.

When fisheries and forestry are included, total production value of $94.3 billion is expected – also a near record.

Key points out of the December Agricultural Commodities and Australian Crop reports include:

• Livestock and livestock product values to rise as strong demand and prices increase turn-off.
• Crop production values up slightly as higher than expected production outweighs falling prices.
• Agricultural export values to fall by 2% on the back of falling crop export values.

Download the full report

• Agricultural Commodities Report – December Quarter 2024 (PDF – 2.8 MB)
• Agricultural Commodities Report – December Quarter 2024 (Word – 5.1 MB)

Download the data

• Agricultural commodities: December Quarter 2024 – Outlook tables (Excel – 192 KB)
• Agricultural commodities: December Quarter 2024 – Statistical tables (Excel – 556 KB)