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prices
Wine industry code changes a ‘fair ask’?
Introducing rules surrounding earlier indicative pricing and accepted tonnages would benefit Riverland wine grape growers, according to senior local politicians in attendance at a recent industry inquiry ... Chaffey MP Tim Whetstone said suggested changes surrounding a mandatory code – including the earlier release of indicative prices – would provide growers with more business certainty before annual vintages.
Queensland and WA farmers ending year with increasing optimism, while other states take more subdued outlook: Rabobank
Qld and WA farmers reported improved optimism heading into the end of the year, while sentiment was more subdued in other states, the latest Rabobank Rural Confidence Survey has found ... on a national basis farmers were becoming increasingly cautious about the outlook for the agricultural economy, with nearly half (47 per cent) attributing their concerns to dry seasonal conditions, while rising cost pressures are also a worry.
Growth opportunities for Australian beef exports into South-East Asian markets – Rabobank
Australia has the opportunity to cement itself as one of the key beef suppliers into South- East Asian markets – as the appetite for beef continues to grow among the region’s consumers, according to agribusiness specialist Rabobank.
Rabobank commentary: Annual food price inflation holds fast
While overall headline inflation eased in the latest quarter, the annual rate of food price inflation held fast at 3.3 per cent, the latest quarterly Consumer Price Index (CPI) data, from the Australian Bureau of Statistics, has shown. The September 2024 quarter data … saw overall annual food price inflation – comparing prices with the September 2023 quarter…
Rural Bank Australian Farmland Values – Mid-Year Update 2024: Farmland values stabilise as number of property transactions tightens
Australian farmland values have continued to grow through the first half of 2024, albeit at a slower pace, with the 1H 2024 median price of farmland now standing at $10,141/ha. This represents a rise of 12.2 per cent compared to a year earlier and is the 22nd consecutive half-yearly period of year-on-year growth.
Why these 10 regional property hotspots are driving the investor boom: Buyers Agent
The ongoing lack of housing supply and affordability in Australia’s capital cities is driving more homebuyers to explore regional property markets. Buyers Agent has identified 10 regional hotspots to watch, based on investor activity (including sales and inquiries) over the past 12 months, along with capital growth and rental yields.
Rural Commodities Index holds steady as cattle prices surge: NAB
Cattle prices surged by 6.3 per cent month-on-month in August, highlighting strong demand and boosting the NAB Rural Commodities Index*, which remained unchanged overall despite significant variability among individual agricultural commodities. NAB’s August Rural Commodities Wrap, released today, notes that while the overall index held steady, global dairy prices also partially recovered after sharp declines in July, contributing to the positive momentum in cattle prices.
Record-high cocoa prices set to sharply increase the cost of chocolate for consumers – global report: Rabobank
Skyrocketing cocoa prices are putting strong pressure on chocolate producers around the globe, who will likely pass on the burden to consumers, according to a new international report by food and agribusiness banking specialist, Rabobank. In the report Soaring Cocoa prices: The worst is yet to come, the bank says the main impact of the cocoa crisis still lies ahead, as companies hedge prices and supply contracts up to a year in advance.
$4.74m paddock pays out
Michelle Daw. A single 107-hectare paddock in prime cropping land near Maitland sold for $4.75 million last week, setting what is likely to be a record price for Yorke Peninsula. The price achieved for Lot 210, Pine Point Road at an online auction on Monday, September 9, equates to $44,393 per hectare, or $17,992 per acre.
Parliament to examine transmission expansion
State Parliament’s Legislative Council Economy and Infrastructure Committee will conduct an inquiry proposed by the Liberals and Nationals into the expansion of Victoria’s high-voltage power transmission system. It will examine the expansion as proposed by the Australian Energy Market Operator (AEMO), VicGrid and the Transmission Company Victoria (TCV) as well as the expansion of Victorian transmission connections associated with the Victorian Government’s proposed “renewable energy zones”.