ABARES – Aussie Produce to Fall as Prices Rise
ABARES latest commodities report projects a 2020/2021 production increase of seven (7) per cent, hitting $65 billion on the back of a bumper harvest while exports are expected to fall seven per cent to $44.7 billion because of residual effects from dry years and trade uncertainties.
Fruit and vegetable prices are expected to rise in domestic markets due to coronavirus travel restrictions limiting labour available for harvesting. Prices of summer vegetables, stone fruit, apples, pears and table grapes are forecast to rise by between 15 per cent and 25 per cent. ABARES are expecting a near all-time high winter crop, the best ever in New South Wales, and a more favourable outlook for summer cropping.
Click the link below to find out more.