Crop harvest is well underway and coming together as expected
The early tally shows that nationally 5.7 million tonnes of grain had been delivered to the main bulk handlers from the winter crop harvest of 2024-25 Harvest of the 2024-25 crop is well underway with Queensland, New South Wales and Western Australia leading the charge. Before the harvest commenced, early industry estimates placed the nationwide […]
Agricultural exports at record high with pressure to continue good run
Coming off a record year for Agricultural exports has growers and producers primed to show it wasn’t a fluke Agricultural exports achieved a new record high value in 2022-23, building upon a strong rise in the prior year. For the record, in 2022-23, the value of agricultural exports reached $79.9 billion, a rise of $12.5 […]
Beef cattle market remains strong as herd rebuilding kicks in
Local beef production is expected to rise in the second half of 2023 following two seasons of herd rebuilding Australia’s beef production is forecast to rise by 6% through the second half of 2023, with output to sit in line with the five-year production average, according to the latest Rural Bank report. This comes on […]
Fruit and vegetable growers have the most to gain from the upcoming season
With fruit and vegetable prices remaining above average growers are expected to boost production for increased returns this season Strong horticultural production combined with rising export demand for key varieties are expected to hold producers in good stead over the back half of 2023 according to a report from the Rural Bank that counts fruit […]
Winter crop plantings for 2023-24 at all-time record but harvest levels a perceived risk
Predictions for a hit to the winter crop harvest continue as Rural Bank gives its assessment of the season ahead for grower fortunes Once all the crystal ball gazers start drinking from the one trough it’s hard to get a varying second opinion. And that’s the case with winter harvest predictions for season 2023-24, even […]
Farmland value continues its upward spiral supported by above average rainfall
Industry watchers expect farmland value to keep increasing but may peak in 2023 with the driving forces of high commodity prices and plentiful rainfall still in force The most recent report released on farmland values has reiterated how strong growth maintained its momentum in 2022 as the tightening supply of properties available shrugged off any […]
Winter crop planting for season 2023-24 off to a good start
Good autumn rain in most cropping regions has provided an ideal start for planting this year’s winter crops Planting of the 2023-24 winter crop is well underway with growers taking advantage of good soil moisture conditions. Early planted crops have germinated well and are off to a good start. However, growers are watching closely as […]
Coles secures Saputo operations as sell down of facilities begins
It’s wait and see for production requirements and pricing trends as Saputo quits some of its sites The big news in dairy is Saputo’s sale to Coles of two milk processing facilities in Laverton Victoria and Erskine Park New South Wales. According to analysts such as the Rural Bank this retreat of larger processors results […]
Cattle producers may have to contend with short term price drops
However the longer-term outlook is more positive as a decline in US supply could provide greater export opportunities Analysts are tipping cattle prices will remain under some downward pressure for the next few months, and for many, that’s simply a continuation of the steady decline seen in recent weeks according to Rural Bank. The Eastern […]
What to expect from Wool in 2023 according to Rural Bank research
Wool volumes are forecast to increase but prices will continue to be impacted by weaker global demand Australian wool production volumes are forecast to continue increasing in 2023 for a third consecutive year. The Australian Wool Production Forecasting Committee (AWPFC) has estimated production of the 2022/23 sale season to be 340 million kg. This is […]