Australian Agricultural Conditions Index

Executive Summary

Australia's agricultural sector registers a composite score of 57, reflecting mixed conditions across key production regions. Seasonal conditions have deteriorated significantly (score 46, down from 57) with Queensland experiencing its driest conditions on record at 0% of average rainfall, while South Australia has received 300% of average precipitation. Export performance remains exceptionally strong at 85, driven by agricultural exports reaching $15.1 billion (+41% month-on-month), though farm profitability sits critically low at 36 with rates of return at just 1.8% based on latest available data. Commodity markets show divergent trends with livestock prices holding firm—beef at $8.08/kg despite a 9.2% decline—while grains face pressure with wheat down 2.1% to $342/t and canola falling 2.7% to $735/t. Queensland (score 23) and New South Wales (score 34) present the most concerning regional outlooks, with critically low soil moisture levels and deteriorating seasonal conditions threatening winter crop prospects.

Condition Dimensions

Commodity Prices

Regional Conditions