Rabobank’s agri commodity markets research – July 2021: frozen beans, baked beans
Softs stole the show in July, as frost hit the heart of the Brazilian arabica coffee belt and also impacted sugar. The worst frost in 27 years led to ICE Arabica jumping by 27% and Robusta by 12% so far in July (coffee trees are very susceptible to frost damage), while sugar jumped 4.7%.
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.
Food Forum squeezes life out of Australia’s growers
Today’s decision by the ANZ Ministerial Forum on Food Regulation to slash the rating for pure, fresh Australian fruit and vegetable juices has failed Australian growers. National Farmers’ Federation (NFF) Chief Executive Tony Mahar described the decision to apply lower Health Star Ratings to fresh juices than those given to chemical-laden diet soft-drinks as baffling.
Australian agriculture looking to profitable year ahead – industry outlook
Australia’s agricultural sector is set to enjoy an overall profitable year ahead – underpinned by high commodity prices, positive seasonal conditions and low interest rates, and despite expected continuing trade tensions with China – according to a newly-released industry outlook.
Rabobank Report: Global Sugar Quarterly
Rabobank Australia & New Zealand, Media Release, 6 January 2021
A global sugar deficit of 0.3 million metric tonnes raw value (mtrv) is being projected...
