prices

Despite agricultural commodity prices retreating last month to the same level as November 2021, many Australian producers are seeing their most profitable period in living memory as 2022 draws to a close. Released on 19 December 2022, NAB’s December Rural Commodities Wrap reports the bank’s Rural Commodities Index was down 2.6% in November on the back of increasing volatility in livestock and grain markets.

Australia’s farmers are heading towards the end of 2022 with signs of growing optimism, following a year where challenges around high input costs, excessive rainfall and biosecurity concerns had taken the edge off otherwise generally very positive seasonal conditions and commodity prices. The latest quarterly Rabobank Rural Confidence Survey, released on 14 December 2022, found sentiment was edging back up after four consecutive quarters of decline...

Australian consumers are seeing significant price increases across dairy products – based on the national Consumer Price Index (CPI) data – with milk prices having risen at the fastest rate since records began, according to a new report by agribusiness banking specialist Rabobank. In its Global Dairy Quarterly Q4 2022 – Walking the Tightrope into 2023, Rabobank says while the Australian consumer has shown resilience in the face of cost-of-living pressures, signs of dairy demand weakness are emerging as a willingness and ability to spend on discretionary items softens.

Amid extreme market volatility and record-high prices, fertilizer consumption suffered in 2022. According to a new Rabobank report, a recovery in consumption is possible in some regions in 2023, with fertilizer prices lowering and commodity prices at historically high levels.

The NSW Sugar Milling Co-operative, which is a 50% stakeholder in the Sunshine Sugar business, held its 44th Annual General Meeting for members last Friday. Good news for cane growers is that the Sunshine Sugar business continues to operate profitably, with the Refinery delivering valuable returns.

Tegan George. Agents yarded 1325 head at the Northern Rivers Livestock Exchange regular prime sale on Wednesday, November 16. About 900 were young cattle with a large percentage of weaners in condition to suit restockers. There were very few showing enough finish for the trade.

Global dairy market fundamentals have shifted course in Q3 2022, from extreme tightness to visible but modest loosening. A  potential collision between supply growth and demand is  approaching, with Q4 year-on-year milk supply growth, weak Chinese import demand, and broader demand rationing in developing countries weighing on forecasts, according to the latest international dairy market report from Rabobank.

Global demand for cheaper cuts of beef is expected to increase in the year ahead as rampant inflation and slowing economic growth see consumers trade down, Rabobank says in a newly-released report. And Australia - as one of the largest exporters of beef "trimmings" (the cheaper meat cuts which remain after prime cuts are removed) - is expected to be among the best-positioned countries to benefit from this increased international demand, particularly from the US, the agribusiness bank says in its Q3 Global Beef Quarterly.

The Australian Bureau of Statistics (ABS) has released the official livestock and production figures for the second quarter of 2022. The data also provided insights on slaughter, production, value and carcase weight for sheep and cattle for the 2022 financial year.