Trade

Due to import restrictions, Ukrainian farmers lost about 10 per cent of their income. Although imports have increased, the domestic market of Ukraine is still characterised by an oversupply. The selling price of wheat on EXW terms is less than the cost price. This means that imports using gray schemes and dumping prices will continue.

Farmers across Australia have been left bamboozled this morning by the Government’s attempt to legislate a new tax on farmers, despite a tidal wave of expert criticism. The Albanese Government this morning tabled new laws to establish the ‘Biosecurity Protection Levy’ - intended to raise $50 million from farmers to bankroll activities that assist importers, airlines and other risk creators.

Following three years of herd growth leading to the largest cattle herd in 10 years in 2023, the Australian cattle herd is expected to ease by less than 1 per cent to 28.6 million head by 30 June 2024, according to Meat & Livestock Australia’s (MLA) latest Cattle Industry Projections.

The Australian almond industry is on track to enjoy a "much better year in 2024", Rabobank says in a newly-released report, with producers expecting to see margin improvement thanks to lower input prices, affordable water prices and high water availability, better climatic conditions and improving export prices.

Australia’s dairy import and export mix is "slowly trading places" – with export volumes falling sharply in recent years while imports have spiked, Rabobank says in a newly- released report.

Within a day of supermarkets lodging their submissions to the Senate inquiry established to review their own pricing practices, it’s clear their defences rely more on deflection than fact.

New data shows mixed fortunes for an Australian horticulture sector facing numerous challenges; however, the long-term outlook remains strong with total production value increasing by 2.8 per cent to $16.3B. The latest edition of the Australian Horticulture Statistics Handbook ... includes information on 75 different horticulture categories across fruit, vegetables, nuts, and greenlife.

Insufficient globalisation of the world economy is holding back the development of amateur gardening around the world. Ukraine is a clear example of this. Gardeners cannot purchase the plants they like or are forced to do so at inflated prices. But everything can change if globalisation wins.

A new, free-to-attend trade exhibition and conference is set to showcase the future of the Australian agricultural industry, with FutureAg powered by AGRITECHNICA 2024 highlighting the latest in cutting edge technology to improve productivity and sustainability across one of the nation’s largest industries.

Yet again another strike on the wharfs ends in a cave in by the stevedores. Last week DP World, which is owned by the Dubai Royal Family, agreed to increase wages by 25 per cent over the next four years to end a rolling series of stoppages that has gone on for months. That works out about double the predicted inflation rate with almost no productivity trade offs ... Welcome back to the thinking of the 1970s.

Australia’s agricultural sector is "moving confidently into 2024", with an overall positive outlook for the nation’s farmers and agribusiness industries in the year ahead, Rabobank says in its newly-released annual outlook ... while agri commodity prices are "well down on the highs seen over the previous two years", the bank’s price forecasts point to "continued positive farm margins in key agricultural sectors in 2024"

The Federal Government has shot an arrow into the hopes of Australia’s cattle industry by rejecting a counter offer in the long-running class action over the unlawful closure of the live cattle export trade in 2011. NFF Acting CEO, Charlie Thomas, said the Government had ignored an opportunity to address years of financial and emotional pain, and allow claimants to put the saga behind them once and for all. 

Trade logistics are set to become increasingly challenging for Australia’s agricultural sector with the escalating tensions in the Red Sea disrupting global trade, according to agribusiness banking specialist Rabobank. However, there are also potential upsides for the nation’s wheat and barley exports, the bank said.

In 1938, during the Munich Crisis, British Prime Minister, Neville Chamberlain expressed his distaste for making war preparations over "a quarrel in a faraway land between people of which we know nothing" ... Like Neville Chamberlain, our Prime Minister shows no interest in getting involved in a quarrel between people of whom he has no interest; yet anyone with the slightest awareness of international relations would know that there is no longer such a thing as a faraway land of which we can afford to have no interest ... Yemen is en route for the ships that take our grain and livestock to key markets such as Egypt and Israel.

Scoot Boots are a healthier, natural barefoot alternative to metal horseshoes to help protect horses’ hooves and the innovative Australian company has taken out the prestigious E-Commerce Exporter of the Year Award at 61st Australian Export Awards.

Andrew Smith, Rural Bank Head of Agribusiness Development said: “As was the case for 2023, the three key themes that will impact Australian agriculture in the first half of 2024 continue to be seasonal conditions, trade conditions and economic headwinds, but looking to the upside, a more favourable economic environment is expected to begin supporting agricultural markets in the back half of 2024."

The South Australian Government welcomes the Chinese Government’s decision to lift suspensions on the Naracoorte abattoir – along with two other Australian facilities. Eased restrictions will enable the Teys Australia meat facility to recommence sending its products to China.

Michelle Daw. Both bulk grain handling companies operating at Wallaroo have accepted lentils into their local storage facilities for the first time this season. T-Ports loaded export lentils from the port for the first time yesterday ... Viterra will load lentils — including from YP and Mid North growers — onto a vessel at Inner Harbour ...