Friday, March 29, 2024

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Sugar

Rural Commodities Index continues its steady climb north: NAB

Rising prices for a range of rural commodities including cattle, cotton and dairy have seen the NAB Rural Commodities Index* increase for the fourth month in a row. NAB’s March Rural Commodities Wrap ... reports the Index increased 2.2 per cent month-on-month in February and is back up around levels last seen in April 2023.

Mystery investor backs the future of Mossman industry: Canegrowers

The future is looking a little brighter for the Mossman cane-growing community after a mystery investor swooped in to save the local mill just hours before the company was due to be liquidated. Earlier this week the administrator advised grower and mill representatives that a potential investor had come forward to provide funding alongside energy company, Clever Power.

Don’t abandon Mossman!: Canegrowers

Canegrowers and the Australian Cane Farmers Association are calling on the State Government to support Mossman’s recovery as the far north Queensland community continues to struggle in the aftermath of ex-Tropical Cyclone Jasper.

Index rises with cattle prices in November: NAB

For the first time in thirteen months, the NAB Rural Commodities Index saw an increase in November, with cattle prices being the single greatest driver. NAB’s December Rural Commodities Wrap ... reports the Index increased 3.5 per cent month-on-month in November, retracing its October fall to be slightly above its September level.

Signs ‘green shoots’ of optimism returning to Australia’s farm sector: Rabobank

Australia’s farmers are approaching the end of the year with a hint of improving optimism as rural confidence levels nudge slightly higher in the latest quarter. The Q4 Rabobank Rural Confidence Survey, found net level farmer confidence across the nation edged up marginally…

Sugarcane – the essence of sustainability: Canegrowers

Meeting in London, Global Sugar Alliance members celebrated the sugarcane industry’s positive contribution to sustainable global food and energy security, acknowledged the role of ethanol, derived from sugarcane, as an environmentally friendly alternative to fossil fuels and renewed their call for all countries to fix the World Trade Organization (WTO).

Agri commodity markets research 2024 outlook: Rabobank

Global food commodity prices are set for respite in 2024 after three years of record highs caused by war, adverse weather and rising energy and input costs, according to Rabobank’s annual Agri Commodity Markets Outlook report. The specialist food and agribusiness bank predicts that global prices of key food staples sugar, coffee, corn and soybeans will fall...

Rural commodities feeling El Nino’s heat: NAB

Australian sugar, barley and feed grain prices were stronger in September, in contrast to cattle prices which have reached their lowest levels since late 2014, according to NAB’s October Rural Commodities Wrap ... the Wrap reports the NAB Rural Commodities Index* fell 4.6% in September and is now 34% below the peak in rural prices back in June 2022.

Cane harvest on home stretch: Canegrowers

Queensland’s 2023 sugarcane harvest has finally hit the halfway mark with over 50% of the estimated 30.1 million tonne crop now cut and crushed at the state’s 19 sugar mills ... Tableland district, which kicked off this year’s crush on 21 May, is now on the home stretch, as is Bundaberg, with both districts having crushed more than 75% of their crop.

Barley prices rise amid agricultural commodity volatility: NAB

The removal of tariffs on Australian barley by Chinese authorities has seen barley prices trend higher since the start of August, according to NAB’s September Rural Commodities Wrap. The NAB Rural Commodities Index* fell 1.6% in August and is now 30.7% lower compared to when Australian rural commodity prices peaked in June 2022.

Australian agricultural exports reach new highs: Rural Bank

Rural Bank’s Australian Agricultural Exports Report 2022/23 has found that export values reached a record high in 2022/23, driven by the 2022 winter crop. Australia’s top 13 export markets recorded year-on-year growth with the top 12 all achieving record highs, led by China, with Japan and the US retaining their places as Australian agriculture’s second and third most valuable markets.

Flames of danger as suspicious fires investigated

A number of fires which have severely impacted sugarcane crops in the Lower Clarence during the past week are being treated as suspicious. Around 11:45pm on August 25, emergency services were called to three properties along Serpentine Channel South Bank Road, Bewleys Lane, and Beckmans Lane in Harwood, following reports of fires in sugarcane crops.

EPA agrees to remove flood waste from cane fields at no cost to farmers

The State Government has announced extended recovery support to cane farmers to help remove dangerous flood waste found in cane paddocks at the beginning of the cane harvest. The NSW Environment Protection Authority has agreed to work with local cane farmers to remove the waste at no cost to the farmers.

Another example of embarrassing Government led flood recovery failure in Northern NSW

NSW Canegrowers are annoyed and frustrated by government inaction and the failure to utilise the $5 million dollars allocated to the Northern NSW Drainage Reset Program in February this year. "Governments are very good at coming into disaster areas and promising money for recovery, but are extremely poor on delivery," Chairman of NSW Canegrowers Association Ross Farlow said.

Milestone sugar shipment headed to the UK: Canegrowers

Australia’s first raw sugar shipment to the United Kingdom under the new Australia-United Kingdom Free Trade Agreement (A-UKFTA) was loaded in Townsville on 10 July 2023, opening an important new market for the Queensland sugar industry. Under the new agreement, which came into place on 31 May 2023, tariff-free raw sugar exports to the UK have resumed for the first time in 50 years...

Is government failing Australians on fire ants?: Canegrowers

CANEGROWERS is calling on the federal, state and territory governments to redouble their efforts to halt the march of Red Imported Fire Ants (RIFA), following the release of a damning report on the failure of the current eradication program. The report, which has been kept under wraps for two years, makes clear that the current strategy will not only fail to eradicate RIFA, but will be unable to stop the global super-pest from spreading beyond south-east Queensland.

Australian farmer confidence changes direction after last quarter’s low: Rabobank

Australian farmer confidence has improved marginally thanks to easing concerns about commodity prices and input costs, however it remains in negative territory overall. The latest quarterly Rabobank Rural Confidence Survey, released on 13 June 2023, saw confidence lift nationally from -25 per cent in the first quarter of 2023 (the lowest level since late 2018) to now sit at -22 per cent.

Rabobank agri commodity markets research – May 2023: Opposite directions

So far in May, the S&P GSCI Agriculture Index has declined a modest 0.6% amid the renewal of the Black Sea Grain Initiative (BSGI) and ample grain and oilseed supplies ... Losses across most G&O markets (-2.6% on average) were largely offset by gains across softs (+2.2%).

Queensland cane crush fires up: Canegrowers

The 2023 sugarcane crush is officially underway, with harvesters roaring into life across the Atherton Tablelands this week as growers, harvesting crews and mill workers start the race to get Queensland’s 30 million tonnes of cane cut and crushed by the end of November ... Latest estimates put the crop at 30.55 million tonnes of cane, producing between 4 and 4.5 million tonnes of sugar, the majority of which will be exported to overseas markets in Japan, South Korea, and Indonesia.

Autumn break buoys outlook amid lower agricultural commodity prices: NAB

Australian agricultural commodity prices took another downward turn last month with the NAB Rural Commodities Index* now 19.7 per cent below year-ago levels. Lower beef, lamb, canola, dairy and wool prices saw the Index fall 3.6 per cent month-on-month, according to the bank’s April Rural Commodities Wrap released on 26 April 2023.

Once in a generation sugar price sets stage for bumper year: Canegrowers

Queensland’s 2023 sugarcane crush is just weeks away and once again growers are heading into harvest with a sense of trepidation and optimism. CANEGROWERS Chairman Owen Menkens says a recent spike in the world sugar price, coupled with a drop in fertiliser prices, is setting up 2023 as a bumper year for Queensland’s sugarcane industry.

Solving air travel’s emissions dilemma: Canegrowers

CANEGROWERS has welcomed Premier Annastacia Palaszczuk’s recent public vote of confidence in the sugarcane industry’s ability to supply the feedstock for a biofuels revolution in Queensland ... “With more than 1500 domestic flights in Australia every day, the aviation industry burns through an awful lot of highly polluting jet fuel”: CANEGROWERS Chairman Owen Menkens.

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