by Freshagenda | Oct 11, 2023 | Australia, Forecast
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates farm incomes in Australia will fall 41% on average across the country’s broadacre farms in 2023/24. Nationally, farm incomes are forecast to average $197,000, falling in a...
by Freshagenda | Sep 13, 2023 | Australia, Forecast
There is a mixed outlook for the winter crop which is forecast to fall by 34% to 45.2mt in 2023/24 according to the Australian Crop Report from ABARES, an upward revision from the June forecast but below the 10-year average to 2022/23 of 46.4mt. Wheat production is...
by Freshagenda | Jun 7, 2023 | Australia, Forecast
Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is forecasting the gross value of agriculture to fall by 14% to $79bn in 2023/24 as drier conditions impact crop yields and domestic commodity values fall. ABARES expects milk production to...
by Freshagenda | May 17, 2023 | Australia, Forecast
Freshagenda has released a Southern Australia milk price outlook for the coming season. The full season milk price paid to southern producers is expected to average $8.50kgMS in 2023/24 based on projected commodity prices, average manufacturing conversion costs and...
by Freshagenda | May 10, 2023 | Australia, Forecast, Uncategorized
Rabobank is forecasting minimum opening milk price offers in the range of $8.50kgMS – $9.00kgMS for southern Australia from June 1. According to the Australian Dairy Seasonal Outlook domestic dairy market returns, a week Aussie dollar and aggressive recruitment...
by Freshagenda | May 10, 2023 | Australia, Forecast
Australian milk production will fall to 8-8.2bn litres for 2022/23 according to the latest Dairy Insights report from Rural Bank. The Bank expects cost of living pressures are also weighing on consumer demand. Rural Bank points to recent lifts in global dairy prices...
