Dairy industry future down to people drinking more milk
A report into the future of the Dairy industry as low margins come to an end concludes more people need to drink milk The liquid ‘drinking’ milk market remains of key importance to the local dairy sector – with improved domestic retail pricing and opportunities for further export growth – according to a Just-released industry […]
Milk prices rising at fastest rate since records began push up dairy products costs
Dairy products price rises reflect the base rate of farmgate milk prices ranging between AUD 9.50-10.00/kgMS With farmgate milk prices across the country trying to keep pace with Dairy producers’ costs, we have reached price territory of between AUD 9.50 to 10.00/kgMS. As a result, local consumers are seeing significant price increases across dairy products […]
US beef production decline throws up opportunity for Aussie producers
The US has become hungry for addition supply chains as many traditional world beef markets and their own domestic production declines The US is currently the world’s second-largest importer of beef after China, and is expected to be seeking beef supply from more global markets over the next three years, as its own domestic production […]
Cherries for Christmas under threat from highest price level for years
While our local cherry sector is in a growth phase the wet weather hang over and lack of workers for the upcoming harvest will limit normal supply levels It has been accepted that our local cherry growing sector is in an expansion phase in an attempt to meet growing consumer appetite for the fruit locally […]
Winter crop forecast from Rabobank tips big result for those in the dry
Rabobank forecasts broken hearts for some growers battling wet weather but the majority will pocket their biggest haul in years Local growers are on track to harvest a near-record winter grain crop of 61.9 million tonnes, according to Rabobank’s 2022-23 winter crop forecast. But Rabobank predicts what will be a record for some farmers will be heartbreak […]
Agricultural land set for another year of double digit growth predicts Rabobank
Farmers have never had it so good following a year where agriculture land has already increased by 78% in some regions that growth is expected to continue according to a Rabobank report The price of Australian farmland is set to record another year of “double digit growth” in 2022, agribusiness banking specialist Rabobank says in […]
Rabobank Rural Confidence survey finds optimism waning as a surprise to many
The latest survey conducted by Rabobank has a sting in the tail not expected by many rural watchers at this point in time
Rabobank breaks down the June 2022 quarterly CPI figures as food price inflation climbs
Rabobank relays how there has been an increase across the grocery basket with prices rising for dairy, meat, fruit and vegetables and bread The latest quarterly Consumer Price Index (CPI) data, released today, has shown a continuing rise in Australian food price inflation, with June 2022 quarter food prices increasing 5.9% compared with the June […]
Winter crop in line for a hat trick of three bumper crops in a row
Following a record planting for the 2022/23 winter crop Rabobank specialists see the potential for third consecutive bumper harvest Growers have laid the groundwork for a third consecutive bumper harvest, with this year’s total planted crop area forecast to reach a record 23.83 million hectares, Rabobank says in its 2022/23 Winter Crop Outlook. This would […]
CPI in March 2022 quarter shows highest year-on-year food price inflation in more than 10 years
The quarterly Consumer Price Index data from the Australian Bureau of Statistics, released today, shows food price inflation accelerated in the March 2022 quarter, with food prices recording the highest year-on-year rise in more than 10 years. And consumers should be bracing for further food price rises in coming months, as the impacts of higher […]