Warm, Dry Spring Ahead

Warm, Dry Spring Ahead

The Bureau of Meteorology released its Spring climate and weather outlook. Below average rainfall is expected through September, but this will shift as Spring progresses. Above average rainfall is forecast for much of the western half of Australia, while parts of the...
July Retail Sales Above Expectations

July Retail Sales Above Expectations

Australian retail turnover reached $39.13bn in July, a 6.6% YOY increase, an 8-month high and well-above long-term trends. The positive results likely reflect good weather for the month and were helped by the FIFA World Cup. Total food sales reached $15.38bn, up 5.5%...
Australian Inflation Remains Sticky

Australian Inflation Remains Sticky

Australian headline inflation eased to 3.5% in July from 3.8% in June, coming in above economists’ expectations. Underlying inflation remains high at +3.6% annually, while the monthly trimmed mean rose 0.5%, increasing concerns that inflation is not returning quickly...
Australian Inflation Remains Sticky

Bega Reports Strong Dairy Sales in FY26

Bega Group reported FY26 statutory EBITDA of $202.3m, up 22%, while normalised EBITDA increased 12% to $225.6m. Branded EBITDA rose 8% to $220.7m. This was supported by strong yoghurt, milk beverage and white milk volumes, growing demand for high-protein and ‘better...
July Retail Sales Above Expectations

Consumer Sentiment Improves

Australian consumer sentiment improved 6% to 88.9 in August, following the RBA’s decision to hold interest rates. The strongest improvement was among mortgage holders. However, sentiment remains firmly pessimistic and below last year’s levels, with ongoing economic...
Australian Inflation Remains Sticky

Rabo: Dairy Must Focus on Maximising Value

In its newly released report on milk protein scarcity, RaboResearch says the Australian dairy industry must increasingly focus on maximising value from scarce milk protein. With limited milk supply, future export growth is likely to shift its focus to higher-value,...