# Bumper harvest helps drive Aust farmgate value to $65 billion: ABARES - Grain Central

> ABARES' December 2020 quarter report projects Australian farmgate production to rise 7% to A$65 billion in 2020-21. Exports are forecast to fall 7% to A$44.7 billion, due to drought after-effects and trade uncertainty. Meat prices are also expected to ease as the African Swine Fever impact on China's pork output fades.

- Date: 2020-12-07 · published 2020-12-07T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49627-bumper-harvest-helps-drive-aust-farmgate-value-to-65-billion-abares-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian meat export values and easing China pork-supply shortfall point to softer livestock prices over time. Stronger crop output supports domestic grain supply.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-02-15 | [Strong finish drives WA winter harvest to 14.27 million tonnes - Grain Central](https://feedsoft.ai/events/66470-strong-finish-drives-wa-winter-harvest-to-14-27-million-tonnes-grain-central.md) | -0.7% | +2.3% |
| WHEAT | 2021-01-09 | [Forecast - Farmgate value to rise 7% to $65 billion I Australian Rural & Regional News](https://feedsoft.ai/events/49104-forecast-farmgate-value-to-rise-7-to-65-billion-i-australian-rural-and-regional.md) | +1.4% | -4.0% |
| WHEAT | 2018-09-18 | [Farm production value remains stable despite drought: ABARES - Grain Central](https://feedsoft.ai/events/62989-farm-production-value-remains-stable-despite-drought-abares-grain-central.md) | +1.0% | +8.7% |
| WHEAT | 2022-01-03 | [CBH receives 20.4Mt in harvest to date - Grain Central](https://feedsoft.ai/events/43200-cbh-receives-20-4mt-in-harvest-to-date-grain-central.md) | -0.4% | +9.4% |
| WHEAT | 2017-12-05 | [Winter crop set to fall to 35.1 million tonnes: ABARES - Grain Central](https://feedsoft.ai/events/67431-winter-crop-set-to-fall-to-35-1-million-tonnes-abares-grain-central.md) | -4.7% | -2.6% |

## Sources

- graincentral.com: https://www.graincentral.com/news/bumper-harvest-helps-drive-aust-farmgate-value-to-65-billion-abares/

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