USDA Expects Aussie Milk Pool to Grow

USDA Expects Aussie Milk Pool to Grow

In its latest semi-annual dairy and products report, USDA’s Foreign Agricultural Service estimates Australian 2026 milk production to lift 1.4% year-over-year. This reflects a stronger‑than‑expected recovery from drought in Southwest Victoria and South Australia, plus...
Australian Ag Forecast to Reach $100bn Target

Australian Ag Forecast to Reach $100bn Target

ABARES’ Quarterly Outlook report forecasts Australian agriculture will exceed a farmgate value of $100bn by 30 June 2026, four years ahead of its initial prediction. The forecast is a jump of $1.9bn on the ABARES estimate from December’s Quarterly Outlook. Despite the...
USDA Expects Aussie Milk Pool to Grow

Opening Seasonal Determinations Down

The Murray irrigation system will start the season at 39% of high-reliability water shares (HRWS). The Goulburn and Loddon systems will each start with 31% HRWS, while the Broken and Bullarook systems will begin at 0%. The Campaspe system will start with 100% HRWS....
USDA Expects Aussie Milk Pool to Grow

Rural Bank Cautious Dairy Outlook

There’s not much of a case for reducing farmgate milk prices in the coming season, according to Rural Bank’s February Update.       Global dairy prices continue to lift with the GDT Index 17% above prior year and Fonterra New Zealand recently lifted its forecast...
Above Average Wheat Crop For 2024/25

Above Average Wheat Crop For 2024/25

Australia’s wheat production is estimated at 32 mt for 2024/25 based on receivals data. This is the third largest crop on record, 20% above the 10-year average and despite tough seasonal conditions across southern Australia. Wheat quality is reportedly lower than...