prices

Mixed seasonal conditions across the country – coupled with economic pressures – have seen the nation’s farm sector confidence take a U-turn in the latest quarter, declining after a resurgence in optimism at the start of the year. he quarter two Rabobank Rural Confidence Survey ... found sentiment among the country’s agricultural producers had dipped into ‘negative territory’ – with fewer farmers expecting a better year ahead than those holding a negative outlook.

Production in Australia’s agriculture, fisheries and forestry sectors remains on track to be the third highest on record in 2024-25, supported by an improved seasonal outlook ... Executive Director of ABARES Dr Jared Greenville said this quarter’s Agricultural Commodities and Australian Crop Report show an expected improvement in agriculture following drier conditions seen in 2023-24.

Australia’s farmers are expected to plant 23.55 million hectares to winter crops this year – up more than three per cent on 2023 – despite a mixed start to the season across the country, Rabobank says in its 2024/25 Australian Winter Crop Outlook ... This year’s winter crop planting – representing a 3.6 per cent increase on 2023/24 though down 1.8 per cent on the five-year average...

An increase in wheat prices helped lift the NAB Rural Commodities Index* by 3.2 per cent month-on-month in April, after the Index slipped 5.7 per cent month-on-month in March. NAB’s May Rural Commodities Wrap released today reports the Index is now around levels seen in April 2023.  

The global dairy market may experience a slower price recovery than previously anticipated, particularly as China shows a reduced need for dairy imports, Rabobank says in recently-released sector research. But, despite this, the overall market outlook remains positive, the global specialist agribusiness bank says in its Q2 Global Dairy Quarterly, titled Searching for Equilibrium.

Oscar Tamsen. We consumers throughout Australia are currently being swamped by multiple discussions over our current serious inflation levels, the mounting cost of living and the way certain commercial, financial and other interests are blatantly over-charging for their goods and services. As a journalist with an Economics background, may I suggest that the time has probably arrived for us to consider employing price controls...

The NFF Horticulture Council ... welcomed the report by the Senate Select Committee on Supermarket Prices, which reveals the true cost of supermarket power and exploitative behaviour being borne by both Australian households and the national horticulture industry. Chair of the Council Jolyon Burnett said ... there has been shock at the evidence of widespread appalling treatment of fresh produce suppliers.

We welcome ... release of Select Committee on Supermarket Prices final report.  This inquiry has been an important opportunity to shine a light on the challenges being faced by many Australian producers.  

The 2024 Rural Bank Australian Farmland Values Report finds that Australian farmland values have now recorded a full decade of unbroken growth. While 2023 saw a rise in the national median price, capping off an extraordinary period for farmland values, it also marked a shift in the market as the pace of growth slowed considerably.

Australian farmland prices are set for further growth in the year ahead – but at a slowing pace – Rabobank says in its just-released annual Australian Farmland Price Outlook. The global agribusiness banking specialist says after three consecutive years of "double- digit" growth, the momentum in agricultural land price increases is expected to further slow in 2024, as farm profitability levels come off record highs.