by Freshagenda | Feb 13, 2025 | Australia, Forecast
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...
by Freshagenda | Jan 23, 2025 | Australia, Forecast
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...
by Freshagenda | Dec 5, 2024 | Australia, Forecast
Dairy Australia (DA) continues to forecast a slight drop in national milk production to 8.3bn litres in 2024/25. While output has been ahead so far this season, drier conditions, reduced incomes and longer-term challenges around labour and farm exits will constrain...
by Freshagenda | Oct 10, 2024 | Australia, Forecast
latest monthly Rural Bank Insights commodity reports highlight lower yield expectations for crops and milk production. National wheat production for is tipped to fall to around or below 30mt for the 2024/25 season. Frost damage and dry weather at the beginning of...
by Freshagenda | Sep 12, 2024 | Australia, Forecast
The latest Westpac-Melbourne Institute Consumer Sentiment index slipped 0.5% to 84.6 in September, from 85.0 in August. Westpac said consumer pessimism continues to dominate as it has done for the past two years, however, focus is shifting. Cost-of-living pressures...
by Freshagenda | Sep 12, 2024 | Australia, Forecast
Rural Bank expects milk production to decline marginally to 8.3bn litres in 2024/25 compared to the prior season. According to the bank’s latest outlook, seasonal conditions have been positive in eastern states with good pasture growth and steady fodder costs....
