Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, May 21
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Fresh produce growth set to help Queensland agriculture commodities soar over the next financial year
    Commodities

    Fresh produce growth set to help Queensland agriculture commodities soar over the next financial year

    August 13, 20243 Mins Read


    Several horticultural commodities across Queensland are tipped to soar in value over the next 12 months, according to the state government.

    Minister for Agricultural Industry Development and Fisheries and Minister for Rural Communities, Mark Furner says the value of Queensland’s overall agricultural sector is projected to boom to a second-highest-ever valuation of $23.56 billion in 2024-25.

    The valuation remains higher than the five-year average and the government says it showcases the resilience of Queensland agriculture, with a corresponding supply chain value estimated at $33.88 billion.

    Among the produce, Macadamias led the top five highest-growing commodities in 2023-24, largely led by the Bundaberg region, which dominated the state’s production of the “Queensland nut”.

    The information, compiled by QDAF on the DataFarm website showed that bananas are forecast to be up 2.9% to $563 million, avocados up 3% to $277m, processed fruit and vegetables up 0.5% to $274.66m, strawberries up 3.2% to $192m, mandarins up 2.9% to $177m, Mangoes up 3.3% to $94m, apples up 2.7% to $75m, pineapples up 2.9% to $72m and table grapes up 2.7% to $39m.

    The fresh produce hasn’t all had rises, in fact, chillies, carrots, zucchini and button squash, onions, pumpkins, mushrooms, potatoes, beans, watermelons, lettuce, tomatoes, capsicums and rock melons are all forecast to have marginal drops in estimated value for the 2024-25 year.

    “Queensland’s food and fibre is the best in the world, and our primary producers have shown remarkable resilience in delivering a bumper 2023-24 despite challenging conditions,” Mr Furner said. “While Queensland is officially drought-free, conditions were drier overall, leading to tougher conditions for growers and graziers.”

    In 2022–23, out of national production, the state produced: 94% of bananas, 70% of macadamias, 70% of sweetcorn, 65% of avocados, 58% of lemons and limes, 53% of fresh beans, 53% of capsicums, 50% of mandarins and 47% of mangoes.

    Mr Furner added that the strong results come despite severe weather events in parts of the state, including Severe Tropical Cyclones Jasper and Kirrily which created further challenges.

    “While traditional titans of beef and sugar remain a cornerstone of the Queensland economy, and it’s great to see strong growth for many growers, particularly for macadamias, chickpeas, apples and strawberries,” he said. “The future is bright, with a second-highest value on record projected for the Ag sector in 2024-25.”

    However, with the 2024 Queensland state election scheduled to be held on 26 October 2024, there is a possibility of a change in government.

    Mr Furner is concerned that if his party loses office, the agriculture sector is under threat from the LNP’s nuclear power plan. He believes that if the LNP gets their way, approximately 3,440 farms will be within the fallout zone of the reactor sites in Queensland, putting the state’s first-class food and fibre in danger of contamination.

    “The LNP wants to install the thirstiest form of energy on the world’s driest inhabited continent, taking water away from our farmers,” Mr Furner said. “We should be watering our plants – not Peter Dutton’s nuclear plants that will become a frightening reality under (leader) David Crisafulli. We say no to nuclear.”

    For more information:
    Queensland Department of Agriculture and Fisheries
    Phone: +61 7 5381 1300
    [email protected]



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleArthur Hayes Predicts Altcoins to Rebound only if Bitcoin breaks $70,000 and Ethereum $4,000
    Next Article Starbucks names Chipotle’s Brian Niccol as CEO; Chipotle stock tumbles By Investing.com

    Related Posts

    Commodities

    Commodities in Focus: What to Trade in 2024 and Why

    May 12, 2026
    Commodities

    eToro beats Q1 profit estimates as commodities trading surges

    May 12, 2026
    Commodities

    Commodity futures ETF PDBC surges 50% as oil reaches 98th percentile

    May 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    S&P 500 Rises 0.6% & NASDAQ Soars 0.9% After Tech Sell-Off as December Rate Cut Speculation Grows

    November 5, 2025
    Commodities

    UK critical minerals sector warns on banks’ aversion to commodities

    August 13, 2024
    Bitcoin

    425 billions de dollars Bitcoin en 20 ans n’est pas du pessimisme, estime que le meilleur expert

    June 8, 2025
    What's Hot

    Utilities, les investissements augmentent en Italie : 20,5 milliards d’euros en 2024. Les revenus baissent, les bénéfices s’envolent

    January 29, 2025

    China’s leaders look to have blinked in their property face-off

    February 20, 2025

    How Likely Is It That the Stock Market Crashes Under President Donald Trump in 2026? Here’s What History Tells Us.

    January 3, 2026
    Most Popular

    Bitcoin Price Near $95,000 After $450 Billion Market Value Loss

    November 17, 2025

    From a pizza purchase to a $2 trillion asset: The unbelievable history of Bitcoin – Creed Capital Crypto News

    August 23, 2025

    Asia tech stocks skid on deepening Sino-US chip war By Reuters

    July 18, 2024
    Editor's Picks

    Private equity could lift UK property out of the bargain basement

    March 10, 2025

    Focus on Commodities Amid Sanctions and Seemingly Lower Trade Tension

    October 31, 2025

    Japanese utilities say they can replace Sakhalin-2 if supply interrupted

    October 31, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.