prices

Outer Melbourne has joined regional Victoria in seeing record-breaking prices as city slickers opt for tree- and sea-changes in the wake of pandemic lockdowns, according to the Real Estate Institute of Victoria (REIV).

Jane Richter. The early onset of cold weather in Queensland coupled with great rains in the last 12 months means there is a bumper crop of newly maturing ginger being harvested right now. And shoppers should get the benefit ... if only the retail giants would pass on the huge cost cuts that they have been enjoying for at least the last month ... The wholesale market sale price in Sydney recently dropped to below $7 per kilo for fabulous fresh large-sized mature ginger, and yet the product is still being sold at $45 or more per kilo by the major retail chains.

Moves by governments to restrict exports only exacerbate price rises and increase food insecurity, according to the latest Insights report from ABARES. Executive Director of ABARES Dr Jared Greenville said there were lessons to be learnt from the 2007-08 food crisis.

The cost of a weekend brekkie favourite could be set to rise with the price of eggs on supermarket shelves jumping up, and farmers say they’re fed up with major retailers not passing on increases. Consumers have seen supermarket egg prices rise between 30 and 50 cents per dozen, but NSW Farmers Poultry Committee Chair Brett Langfield said egg producers had not seen the price rise at the farm gate.

The cost of fuel, gas and electricity is on the rise, as well as weekly rent and mortgage payments, but it is the increased cost of essential food items which appears to be concerning locals the most. Everyone has to eat and the price of groceries continuing to increase is putting pressure on household budgets across the country.

Tegan George. Agents yarded 897  head at the Northern Rivers Livestock Exchange regular prime sale on Wednesday, May 25. The yarding consisted of a good supply of young cattle along with a fair penning of cows. The young cattle consisted mainly of light and medium weight weaners with quality on the plainer side. Cattle are starting to see a drop in condition with the wet weather taking a toll.

Widespread global disruption to supply is set to see Australian farmers again move to lock in fertiliser and other inputs early for the season ahead, Rabobank says in a recently-released report. This is despite global fertiliser prices at near-decade highs and expected to remain elevated in the short to medium term.

On top of a typically fertile spring rural property market, all signs are pointing to an unprecedented season for the agribusiness sector, exemplified in the recent sale of a 11,254 hectare Queensland farm after 157-years in one family. According to CBRE’s latest market review of the sector, the spring of 2021 is set to outperform its predecessors with both market and environmental conditions shining in favour of farmers.

Strong increases in nearly all commodity prices saw the Rabobank Rural Commodity Price Index lift by 3.26 per cent in August to its highest level on record. This includes going beyond the Covid-induced commodity price surge of March 2020.

Another month of strengthening commodity prices has propelled the NAB Rural Commodities Index to its highest level in its 11-year history, to sit 12.6% above August 2020 levels.