prices

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.

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…

Southern hemisphere beef-producing nations – including Australia – are continuing to increase production volumes, despite a global trend of production decline, Rabobank says in its recently-released Q4 Global Beef Quarterly report ... "we forecast that 2024 will play out in a similar fashion": Rabobank.

Australian chickpea, dairy and lamb prices recorded notable increases in October, partially offsetting the downward pressure on the NAB Rural Commodities Index* from declining cattle prices ... NAB’s November Rural Commodities Wrap reports the Index fell 1.8 per cent in October...

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...

The Albanese Government’s proposed changes to the Murray-Darling Basin Plan will shut down farms, destroy jobs and increase the price of food ... National Farmers’ Federation, NSW Farmers, AgForce Queensland and the NSW Irrigators’ Council– have joined forces to warn the Government is going far beyond the original 2012 Plan that sought to balance environmental, social and economic wellbeing.

Leader of The Nationals and Shadow Agriculture Minister David Littleproud is calling on Labor to release the findings of an Independent Panel Report into the ban of live sheep exports ... “Minister Watt didn’t have the courage to travel with the panel and look farmers in the eye himself to say he was stopping the trade – so the least he can do is release the report”: Leader of The Nationals and Shadow Agriculture Minister David Littleproud.

After extreme market volatility and record-high prices in recent years, global fertiliser prices are expected to settle in 2024, despite uncertainty posed by the Israel-Hamas conflict as it currently stands, Rabobank says in a new report. In its just-released Semi Annual Fertiliser Outlook, titled What is next?, the agribusiness banking specialist says while the Israel-Hamas conflict creates some uncertainty in the outlook for fertiliser markets, the current impact for the food and agri sectors is manageable.

The Rural Bank Australian Farmland Values Report has tracked every farmland sale annually for almost three decades and is the longest running analysis of the farmland market in Australia.  This special edition, supplemented by farmland sales data from DAS (Digital Agriculture Services), is a mid-year market update to inform vendors and purchasers about movements in transaction volumes and sale prices around Australia since the issue of the annual edition in May 2023.

After three consecutive strong harvests, Australian grain and oilseed production is set to return to more modest totals for the current season as drier growing conditions ‘hit home’, Rabobank says in its just-released 2023/24 Australian Winter Crop Forecast. The bank says Australia is on track to harvest a total winter crop of 48.72 million tonnes for the current season.