Tap Turns Off For North Vic

Tap Turns Off For North Vic

The Resource manager did not change seasonal determinations in the Murray, Goulburn and Loddon systems, which are at 100% high-reliability water shares (HRWS). The Campaspe system seasonal determination is unchanged at 100% HRWS and 48% low-reliability water shares...
Milk Powder Manufacture Down In August

Milk Powder Manufacture Down In August

SMP and butter manufacture declined sharply in August, with EU27 balance sheets remaining tight. The 5.9% YOY SMP fall mostly reflected weaker manufacture in Ireland and Germany while butter declined across the board except in Italy. WMP output fell for the sixth...
Tap Turns Off For North Vic

Farmer Confidence Lifts

Improved rainfall across much of Australia has boosted farmers’ confidence in the agricultural economy, according to the Q3 Rabobank survey completed in August. Earlier in the year, confidence fell due to low rainfall threatening crops and pastures. However,...
Milk Powder Manufacture Down In August

NZ Milksolids Down 2.6% In April

Milk output fell 2.6% YOY in April on a solids basis, taking seasonal output 0.8% ahead of the prior year. Production fell 1% on a volume basis, tracking 0.5% behind the prior year according to Dairy Companies Association of New Zealand update . NZX reports production...
Tap Turns Off For North Vic

Consumer confidence falls

The Westpac-Melbourne Institute Consumer Sentiment index reversed its prior gain, falling 2.6% to 79.9 in November, returning to “deeply pessimistic levels”. The Reserve Bank’ November interest rate hike has renewed pressures on household finances, reigniting cost of...