Australian agriculture mid-year outlook 2023

• A drier seasonal forecast is weighing on the Australian cropping outlook with total production forecast to come in slightly below average this season
• Consecutive seasons of herd and flock rebuilding across livestock industries are expected to drive stronger beef and lamb supply
• Horticultural output continues to rebound following last year’s damaging weather events across the east coast
• Demand remains mixed with a number of economic headwinds weighing on both domestic and offshore consumer sentiment, though the ongoing diversification of our export markets will hold Australian exporters in good stead

Rural Bank’s Australian agriculture mid-year outlook for 2023 provides an in-depth perspective on supply, demand, and price outlooks for Australia’s major agricultural commodity sectors. Subscribe to access the report.