Correction on forecasts called by ABARES as La Nina retreats and El Nino looms
The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier-than-normal conditions after three record harvests during wetter conditions La Nina years. Executive Director of ABARES Dr Jared Greenville said the reduction was to be expected after the records broken in the past three years. “The value of […]