# Rebound predicted for Australian agriculture - DAFF

> ABARES forecasts Australia's farm, fisheries and forestry gross value of production to rise up to 6% in 2024-25 to $90.8 billion. Crop and livestock output are both expected to increase, while agricultural exports are forecast to fall 13% in 2023-24.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31172-rebound-predicted-for-australian-agriculture-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A forecast production rebound in Australia points to larger future grain and livestock supplies, which would weigh on export prices. The export decline suggests weaker overseas demand for Australian products.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-12-01 | [2025–26 Shaping up as a landmark year for Australian agriculture - DAFF](https://feedsoft.ai/events/21470-2025-26-shaping-up-as-a-landmark-year-for-australian-agriculture-daff.md) | +1.9% | +0.7% |
| WHEAT | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -3.6% | -0.2% |
| WHEAT | 2023-10-27 | [Why Wheat Prices are Due for a Rebound](https://feedsoft.ai/events/33648-why-wheat-prices-are-due-for-a-rebound.md) | +2.0% | +1.2% |
| WHEAT | 2024-01-23 | [Australia: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/32078-australia-grain-and-feed-update-usda-foreign-agricultural-service.md) | -0.1% | -5.5% |
| WHEAT | 2026-07-01 | [Australia: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/18302-australia-grain-and-feed-update-usda-foreign-agricultural-service.md) | -0.8% | +3.8% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/about/news/march-commodities-and-crop-reports

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.