The Australian dairy industry looks to have normalised, with a decent seasonal outlook and better farmgate prices encouraging increased production, according to the latest NAB Agribusiness Dairy in Focus report.
Australian wool growers are receiving some of their best returns in decades with the AWEX Eastern Market Indicator (EMI) hitting an all-time high of 1681 cents per kilogram in November 2017, according to Rural Bank’s new Australian Wool Update.
A critical step towards delivering a key element of the Government’s Dairy Support Package was taken, with a provider engaged to implement the Commodity Milk Price Index.
Cattle prices are expected to ease during 2018 before stabilising at a level higher than the five-year average, according to Rural Bank’s new Australian Cattle Annual Review.
CBH have announced that they will be releasing harvest receival information, aggregated by grade and port zone, weekly during harvest. WAFarmers supports the release of this information in an effort to improve market transparency, and may allow growers to make better informed decisions throughout the season.
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.
The gross value of Australian farm production is forecast to fall almost 9 per cent to $58 billion in 2017–18, primarily reflecting a decline in crop production, according to the Agricultural Commodities, September quarter 2017 report.
The median value of New South Wales farmland skyrocketed by more than 10 per cent in 2016, according to Rural Bank’s new Australian Farmland Values report.