Dairy farmers experts at keeping a lid on costs considered global leaders
While worldwide there is a structural uplift in dairy production costs local farmers continue to remain among the lowest-cost producers The cost of producing milk in Australia continues to compare favourably with other dairy-exporting regions, despite there being a structural lift in global milk production costs across the past five years. According to a new […]
Food price inflation is still the same stubborn annual level as the previous year
Take away all the rebate goodies and special offers from the government and the underlying inflation rate for food in 2024 is the same as in 2023 at 3.3% While overall headline inflation eased in the latest quarter, the annual rate of food price inflation held fast at 3.3% according to the latest quarterly Consumer […]
Cattle market is in balance with price upside potential ahead
With the Bureau declaring El Niño is over it’s expected beef prices will be relatively stable in 2024 trading in a band between 600 to 750c/kg cwt The cattle market is sitting in a “state of balance” – with improved beef production waiting on an increase in demand – while an upside in prices is […]
Agriculture is moving confidently into 2024 according to the Rabobank annual outlook
Predictions from a leading banker with a wide range of farm operation customers can see a bright light shining ahead for production increases and input price reductions Australia’s agricultural sector is “moving confidently into 2024”, with an overall positive outlook for the nation’s farmers and agribusiness industries in the year ahead, Rabobank says in its […]
Further ‘silver lining’ for consumers with food price inflation moderating according to Rabobank
There has been some “further silver lining for consumers” with the latest monthly Consumer Price Index (CPI) data from the Australian Bureau of Statistics, released today, showing food price inflation has continued to moderate. RaboResearch senior food retail analyst Michael Harvey said the November 2023 data showed prices for food and (non-alcoholic) beverages had risen […]
Livestock prices to be impacted by very high production numbers
With a mountain of supply flooding the market coupled with drier conditions Rabobank suggests some farmers will be counting numbers in their sleep Local sheep, cattle and goat markets are being impacted by very high production numbers, compounded by already large volumes of meat in congested supply chains, according to agricultural analysts at Rabobank. For […]
Fertiliser prices in line to drop down to more historic price levels
A recent report indicates fertiliser prices that shot through the roof last season could return to more affordable levels as several factors kick in Growers appear to be clinging to the hope that farm fertiliser affordability is starting to improve across the globe, with a likely recovery in some world markets later in 2023. This […]
Avocado trade expected to grow in an increasingly competitive market
The once hard to sell thick skinned Avocado with greasy content is finding favour in several world markets with our own exports booming With Avocados becoming popular in trendy sandwich bars and Bistros it backs up forecasts the global Avocado trade will continue to grow in the next few years. However, there is a major […]
Dairy set for a favourable season ahead with firm milk prices likely
Dairy farmers still hold onto the hope of four good seasons in a row as big processors set their offers in writing for coming season prices Dairy producers can look forward to another favourable season in 2023/24, with the sector set for its fourth consecutive profitable year, if predictions in the recently released Rabobank annual Australian […]
NFF president Fiona Simson comes away with 2023 Rabobank Leadership Award
Rabobank also adds to its Leadership Awards in 2023 with the introduction of a new Community Leadership category taken out by the Boys to the Bush program The president of the National Farmers’ Federation (NFF) Fiona Simson has taken out the 2023 Rabobank Leadership Award, recognising the “vitally important” role she has played advocating on behalf of […]