Onion prices have increased by 200% in the last month, other vegetable prices have increased

A wet and cold spring brought on by La Niña failed to reduce the value of Australian agricultural products.
Key points: Agricultural exports are expected to reach a record $72 billion for the 2022-2023 season. Grain growers are expected to reap the second largest harvest on record.
Australian agricultural exports are expected to reach a record $72 billion this financial year, according to national commodity forecaster ABARES.
A combination of high prices for crops such as wheat, barley and canola and last crop's bumper production saw $5 billion in agricultural exports sold every month since November 2021, with wheat alone accounting for $1 billion dollars per month.
"We have managed to release a lot of products, the pace of our exports is at an all-time high," said Jared Greenville, Executive Director of ABARES .
"Overseas countries and other buyers have turned to Australia to be a truly reliable food producer, and that's one of the reasons why we have seen such demand for exports,” said Dr Greenville.
Bumper crops compensate for WA and SA losses New South Wales caused by flooding this season. (ABC News: Lucas Forbes)
The gross value of all agricultural products is expected to reach $85 billion, less than the record value recorded in the 2021-2022 season .
Wide flooding on the east coast is expected to see 16% of NSW's crop abandoned, 7% in Victoria, an d 5 % in Queensland.
ABARES has revised its cereals production estimate for NSW down 2 million tonnes since its September estimate.
But conditions for grain farmers in Western Australia and South Australia were favorable enough to offset the losses, with total grain production estimated at 62 million tonnes, the second highest harvest on record .
ABARES executive director Jared Greenville says strong foreign demand has kept grain exports at a rapid pace. (ABC News: Matt Roberts)
But despite the high prices, this season farmers have been paying much higher prices for essential inputs such as fuel, fertilizer and agrochemicals.
"We're seeing a real squeeze," Dr. Greenville said.
"Last year, we've had record levels of farm profits across the country, but based on what we're seeing with fertilizer prices, we expect a big drop in profits."
Since June 2021, fertilizer prices have increased by more than 100%, while chemicals have increased by...

Agrotech Dec 6, 2022 0 55 Add to Reading List

Onion prices have increased by 200% in the last month, other vegetable prices have increased

A wet and cold spring brought on by La Niña failed to reduce the value of Australian agricultural products.

Key points: Agricultural exports are expected to reach a record $72 billion for the 2022-2023 season. Grain growers are expected to reap the second largest harvest on record.

Australian agricultural exports are expected to reach a record $72 billion this financial year, according to national commodity forecaster ABARES.

A combination of high prices for crops such as wheat, barley and canola and last crop's bumper production saw $5 billion in agricultural exports sold every month since November 2021, with wheat alone accounting for $1 billion dollars per month.

"We have managed to release a lot of products, the pace of our exports is at an all-time high," said Jared Greenville, Executive Director of ABARES .

"Overseas countries and other buyers have turned to Australia to be a truly reliable food producer, and that's one of the reasons why we have seen such demand for exports,” said Dr Greenville.

The gross value of all agricultural products is expected to reach $85 billion, less than the record value recorded in the 2021-2022 season .

Wide flooding on the east coast is expected to see 16% of NSW's crop abandoned, 7% in Victoria, an d 5 % in Queensland.

ABARES has revised its cereals production estimate for NSW down 2 million tonnes since its September estimate.

But conditions for grain farmers in Western Australia and South Australia were favorable enough to offset the losses, with total grain production estimated at 62 million tonnes, the second highest harvest on record .

A man, wearing a suit, arms crossed, stands smiling.

But despite the high prices, this season farmers have been paying much higher prices for essential inputs such as fuel, fertilizer and agrochemicals.

"We're seeing a real squeeze," Dr. Greenville said.

"Last year, we've had record levels of farm profits across the country, but based on what we're seeing with fertilizer prices, we expect a big drop in profits."

Since June 2021, fertilizer prices have increased by more than 100%, while chemicals have increased by...