Opening Seasonal Determinations Down

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....
Opening Seasonal Determinations Down

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...
Opening Seasonal Determinations Down

DA Forecasts Less Milk In 2024/25

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...
Opening Seasonal Determinations Down

Higher Grain Yields, Tight Milk Expected

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...