Tuesday, September 28, 2021

Special Correspondent

Articles from Special Correspondent

Hotspots created by the move to the regions from the cities

A new index tracks population growth in Australia’s regions. The Regional Movers Index from the Regional Australia Institute (RAI) shows that the number of people shifting from state capitals to the regions is at its highest since 2018.

Elders upbeat on earnings with a positive crop outlook

Agribusiness Elders, reporting a strong lift in sales and profit for the half year to March, is upbeat on the rest of the year with improved winter cropping conditions and good cattle prices. Sales at Elders were up 22% to $1.1 billion and statutory profit was 31% higher at $68.2 million.

GrainCorp upgrades earnings guidance as global demand rises

GrainCorp, releasing its half year results, sees high global demand for Australian grain and oilseeds. In the six months to the end of March, underlying EBITDA from continuing operations was $140 million, up from $105 million.

Research – Regional Australia faces future housing threats

Regional housing markets, which increased in value more than capital cities during 2020, will have different recovery needs in the wake of the pandemic, according to research by AHURI (Australian Housing and Urban Research Institute). The report, Pathways to regional housing recovery from COVID-19, conducted by researchers from the University of Tasmania, examines the consequences of COVID-19 for households in regional Australia.

Wheat heading to a record

Australia’s wheat crop is estimated to have surged by 119.8% to a record 33.34 million tonnes in 2020/21, according to ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences). ABARES has raised its estimate of national production of winter crops by 7.4% to 55.2 million tonnes in 2020/21.
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