Hope for the best, plan for the worst
Kristin Murdock. Farmers would have noted that grain markets have been pretty flat of late. According to analyst, Andrew Whitelaw of Ep 3, there have been plenty of news stories in the past two months that may have influence. A lot of it involves speculation - speculation that Russia wouldn’t extend the export program ex Ukraine and speculation of huge floods in China. Not to mention the actual bombing of a huge dam in Ukraine.
Live sheep ban sets dangerous social licence precedent: GPA
Allan Marshall recently published an excellent article outlining the important role live sheep exports play in delivering multiple benefits, especially improved animal welfare and global food security ... So why does this closure of the live sheep trade concern Grain Producers Australia?
Research unlocks new potential of oaten hay in dairy production: Agrifutures
Oaten hay is more than a simple source of fodder fibre, and new research is backing up this well-known theory. A study from the University of Melbourne has shown that high-quality oaten hay could improve animal production, especially in dairies and feedlots, and support the sustainable development of dairy production both in Australia and overseas.
“Swimming in wine” – navigating oversupply in Australia’s wine industry: Rabobank
Even early removal of Chinese anti-dumping tariffs would not be enough to prevent Australia’s wine industry facing several years of oversupply, Rabobank says in its newly-released Wine Quarterly Q3 2023 report ... So large is the current oversupply, says Ms Piggott, that Australia has the equivalent of 859 olympic swimming pools worth of wine in storage.
Agricultural commodity prices record mixed results in July: NAB
Australian agricultural commodity prices experienced a mixed month in July, with wheat and cotton prices edging up, while dairy and barley prices eased, and cattle prices tracked sideways. The movements are reflected in the NAB Rural Commodities Index* which declined 2.1 per cent in July.
Historic $130 million trade alliance to supercharge Aussie horticultural exports: Furner, Watt
The largest and most ambitious trade initiative in Australian horticulture has been given the green light with a host of partners signing on to an historic $130 million program, the Fresh and Secure Trade Alliance (FASTA) ... As part of the program, FASTA will also boost biosecurity initiatives to solidify Australia’s strong reputation in pest-management and as a responsible trading partner for years to come.
Reopening of China barley trade welcomed: GrainGrowers
The decision by China to remove duties on Australian barley is welcome and opens the way to rebuild a $1.2 billion annual trade flow, grower representative body, GrainGrowers, said on 4 August 2023. GrainGrowers said dialogue between the Australian and Chinese governments had delivered an outcome in the longer-term interests of both countries and Australian growers.
Taking Downs beef to the States
Toowoomba and Surat Basin Enterprise (TSBE) has secured a grant which will enable it to bolster the Darling Downs’ and Queensland’s market share of grain-fed beef in the United States. In collaboration with Meat and Livestock Australia (MLA), TSBE is hoping to capture the immense potential for the growth of regional beef producers and the expansion of Queensland’s footprint in U.S. markets.
Riding the Australian beef rollercoaster ahead for the next few years: Global AgriTrends
Beef producers can expect a two-year holding pattern on cattle prices as drought conditions widen, processing sector labour shortages persist, and a huge stockpile of meat in Asian freezers start to thaw. While lightweight heifers will take the biggest price hit, the emerging El Nino may mean business opportunities for producing heavy Jap ox and heavy feeder steers, according to market analyst Simon Quilty, of Global AgriTrends.
Buloke Times editorial: Prospects of an Australia-Europe FTA
A previous editorial concluded with a possible view from the European side of a trade agreement ("FTA" - free trade agreement) with Australia. This time, from the Australian side, we look at the principal agricultural products which our negotiators feel will give us some advantage in an agreement with the European Union (EU).
Detection of Lumpy Skin Disease in Australia exported cattle to Indonesia: Animal Health Australia
Given the presence of the disease in Indonesia, positive results in Australian cattle post arrival are not unexpected ... Importantly, trade is and can continue to Indonesia from 28 Australian export establishments, however, there are 4 export establishments in Northern Australia who are working with the government to further ensure they are disease free.
Minister, please explain social licence: John Hassell
John Hassell, President WAFarmers. Sheep farmers in Western Australia have been told by the Federal Labor Government that we have lost our social licence for live exports ... If it was a rash decision then it's time to reverse it and accept that the industry has done everything it has been asked for by the Government and should be allowed to continue. If not then this decision marks the end of agriculture in Australia as we know it and the Government should tell us.
Rabobank commentary: CBOT wheat prices spike overnight on escalation of Black Sea conflict
CBOT (Chicago Board of Trade) wheat prices soared eight per cent overnight, after Ukrainian ports were hit by Russian missiles and Russia’s Ministry of Defence warned that all vessels travelling to Ukraine’s Black Sea ports will be considered as potential carriers of military cargo. This was the highest trading level of CBOT wheat since a spike in mid-June and previously in February this year, Rabobank senior grains analyst Dennis Voznesenski said.
Rabobank commentary: Russia withdrawal from Black Sea Grain Initiative
Global grain prices will continue to be volatile until the market is able to decipher the end impact of Russia withdrawing from the Black Sea Grain Initiative, according to Rabobank senior grains analyst Dennis Voznesenski. The deal – which has allowed wartime Ukraine grain exports across the Black Sea – expired overnight Australia time after Russia confirmed it would not agree to its renewal.
Index declines as agricultural commodity prices trend lower: NAB
Livestock prices continue to place downward pressure on the NAB Rural Commodities Index, which has fallen for the eighth consecutive month to now be 28.1 per cent below June 2022 levels ... NAB Senior Agribusiness Economist, Phin Ziebell, said cattle prices have been the single greatest driver of the lower Rural Commodities Index, constituting a quarter of the total Index and losing around half its value from the 2022 peak.
Australia to strengthen grip as the largest sheepmeat exporter as flock reaches highest level since 2007: MLA
This year, Australia’s sheep flock and its breeding ewe numbers reached their highest levels since 2007 at 78.75 million and 46.14 million head respectively, according to the latest Sheep Projections update from Meat & Livestock Australia (MLA) ... Carcase weights in 2023 will remain 7% above the 10-year average.
Statement on EU free trade negotiations: NFF
Tony Mahar. Australian negotiators must continue to hold the line to ensure a fair and commercially meaningful deal with the EU. This was always going to be a tough negotiation. Fair access to the EU market is something the farm sector has sought for decades.
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...
Australian agriculture mid year outlook 2023 – Seasonal, trade conditions, economic headwinds to shape outlook for 2H 2023: Rural Bank
Rural Bank’s Australian Agriculture Mid-Year Outlook 2023 report finds that favourable seasonal conditions and strong production over the first half of 2023 ensured strong winter crop establishment and pasture growth, particularly on the east coast, but despite a positive start to the year, softening commodity prices are now impacting Australian farmers following several seasons of strong prices.
New biosecurity regulatory fees and charges take effect on 1 July: DAFF
Deputy Secretary of Biosecurity and Compliance Dr Chris Locke said new fees and charges for importers would better reflect the true cost of delivering Australian biosecurity services. “While some importers will experience slightly larger increases in the prices, the average increase across all importers is around 28 per cent,” said Dr Locke.
$80 million to protect NSW against red imported fire ants: Moriarty
The NSW Government will spend an additional $80 million to protect the state from red imported fire ants, with the invasive and aggressive pest now on the march towards the NSW border. Minister for Agriculture, Tara Moriarty said red imported fire ants cause serious social, economic and environmental harm.
Buloke Times editorial: Implications of banning live sheep exports
As reported, the federal Agriculture Minister had the awkward task of confirming that the government intended to phase out sheep exports, but would do so in an orderly way “after consulting the industry”, although no action would be taken during the current term of government. The government has appointed a panel, which is part of the “phasing out”. The result so far of its “consulting the industry” is that the industry, backed up by the 3,000 people and their families dependent on the export, is against the ban.
