The NAB Rural Commodities Index rose 2.1 per cent in October 2017, the first increase since May 2017, driven largely by an increase in cattle prices.
Victoria has set a new record with food and fibre exports reaching $12.8 billion – the biggest total in the state’s history.
The value of Australia’s sheep meat exports has increased 24 per cent year-on-year, driven by the value of lamb exports increasing by more than 20 per cent when compared with 2016 figures, according to Rural Bank’s latest Australian Sheep Update.
With more than 2.7 million cattle being graded through the Meat Standards Australia (MSA) program in 2016-17, an estimated $130 million was delivered back to beef producers through additional farm gate returns.
The price direction of Australia’s cattle market and national herd rebuild now hinges on a solid seasonal break, following a dry finish to winter and hot September 2017 across much of Australia.
Work has begun on a fast-tracked election commitment to upgrade the Berrimah Export Yards, with a civil works contract awarded to a NT company.
Anatara Lifesciences (ASX:ANR) is pleased to announce that global animal health company, Zoetis Inc. (‘Zoetis’) has exercised its option to negotiate a commercial agreement for the worldwide development, distribution and marketing of Detach, with terms to be agreed.
Higher wheat prices and improved dairy auction results were offset by poorer livestock prices and weakness in sugar and cotton to leave the NAB Rural Commodities Index unchanged in June 2017.