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Outlook for current and prospective commodities

Outlook for current and prospective commodities. Max Foster. Overview. Kimberley region agriculture Beef industry WA live cattle exports Kimberley cattle property performance Ord River Irrigation Area Existing crops Prospective crops. Value of agricultural production, Kimberley, 2006-07.

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Outlook for current and prospective commodities

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  1. Outlook for current and prospective commodities Max Foster

  2. Overview • Kimberley region agriculture • Beef industry • WA live cattle exports • Kimberley cattle property performance • Ord River Irrigation Area • Existing crops • Prospective crops

  3. Value of agricultural production, Kimberley, 2006-07 $m

  4. Beef cattle

  5. Live cattle exports, Australia $/hd 2008-09 ‘000

  6. Kimberley beef cattle propertiesAverage per farm $’000 2008-09

  7. Rates of return, Kimberley beef cattle properties %

  8. Ord River Irrigation Area

  9. Ord River Irrigation AreaLand use, 2007-08

  10. Sandalwood

  11. Sandalwood oil: US imports and import prices from India US$/kg 2009 t

  12. Chinese Taipei: Sandalwood Imports and import prices t US$/t 2009 US$/kg

  13. Horticulture

  14. Horticulture outlook Domestic markets • Strong growth in demand, particularly for fresh produce • ORIA producers benefiting from seasonal price premiums World markets • Rapid growth in the value of world fruit, nut and vegetable trade

  15. Value of Australian horticulture production $m 2008-09

  16. Value of world fruit and vegetable trade US$m 2009

  17. Premiums for selected ORIA horticultural products Perth market %

  18. Emerging and prospective crops • Chia • Cotton • Exotic tropical fruit • Native foods • Food crops • Rice?

  19. Cotton: daily indicator priceDaily to 12 May 2009 c/lb

  20. Australia cotton returns $/bale 2008-09 USc/lb2008-09

  21. Summary of outlook • Solid returns to the Kimberley beef industry • Continuing strong demand for ORIA horticultural products • However, expansion in production of some horticultural products could pressure seasonal price premiums • Interesting possibilities for ‘new’ irrigated crops

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