Global pricing for some key commodities proved volatile and, in most cases, fell from recent record highs. A return of more variable seasonal conditions and some biosecurity issues also presented challenges. The fact that GVP once again exceeded $20 billion is a testament to the resilience of NSW producers.
Following three record cropping years, growers faced variable seasonal forecasts and generally lower crop prices, leading to lower plantings which impacted winter crop production. Although lower than the last few years, the value of crop production was 27% above the 10-year average. Summer crop production was particularly resilient and cotton exports reached a record $2.9 billion in 2023-24.
For our livestock sector overall production was up strongly, with the beef herd at the highest in 10 years and the sheep flock at a 17-year high. Given production growth across the livestock industries, it was encouraging to see our internationally recognised and high-quality livestock exports reach a new high of $4.9 billion in 2023-24, with international demand for beef a standout.
The NSW Fisheries sector GVP declined 0.5% primarily due to the impact of white spot disease on prawn production. However continued growth in production of farmed oysters was a highlight, up 6% to $82 million. Wild harvest production remained steady, with King Prawns and Rock Lobsters the highest value individual species.
The value of the forestry sector was down year-on-year, primarily due to lower demand for housing. However, exports were higher as a Chinese trade ban on imports of Australian softwood logs was lifted.
During the year our department was renamed the NSW Department of Primary Industries and Regional Development. The Department continues to focus on supporting producers to sustainably grow primary industries. The change will enable a greater focus on extension services and research and development for our producers and supporting regional economic development.
An example of this renewed focus is a boost to the state’s primary industries research program, which will see upgrades to seven research facilities and five emergency response sites across regional NSW alongside a renewal of the state’s research and development strategy. These facilities continue to prove essential support to producers in planning for a changing climate, managing supply chains and maintaining competitiveness, as well as assisting industry to develop new opportunities.
Our skilled and passionate employees will continue to support farmers and rural communities across agriculture, fisheries and forestry to ensure strong, resilient and sustainable primary industries.
