Rabobank

Farmgate milk prices have increased significantly across the world’s major dairy export regions and further “upside” in milk prices remains, Rabobank says in its latest Rabobank Global Dairy Quarterly report. The report says that even before the Russia-Ukraine conflict, global dairy commodity prices were “soaring” due to a global supply shortfall.

Australia wheat farmers can expect increased farmgate prices following Russia’s invasion of Ukraine, although the local impact is not expected to match that seen globally. Together, Russia and Ukraine make up nearly 30% of global wheat exports. Ukraine’s military has suspended commercial shipping at its Black Sea ports, which is tipped to disrupt the supply chains of grain and oilseeds exporters.

Demand and prices for fine and mid-micron wool are forecast to pick up as workers return to offices around the world, according to a report by agribusiness banking specialist Rabobank ... Rabobank agricultural analyst Dennis Voznesenski said while consumer confidence is waning in the world’s two largest markets for wool, the US and China, there are positive factors that will push prices higher.

Australia’s agricultural sector is set for another profitable year ahead, with the gross value of agricultural production on track for a fourth consecutive year of growth in 2021/22, Rabobank says in a newly-released industry report.

Strong retail demand and the reopening of foodservice set the aquaculture industry up for another strong year in 2022, especially for salmon and shrimp. Sustainability-related investments are expected to ramp up this year, as major producers and retailers have set ambitious targets to reduce carbon footprints. Rabobank just published a report summarizing the main takeaways from the Global Seafood Alliance (GSA) GOAL Conference, one of the seafood industry’s most anticipated events.

Australian farmers are predicting the “magic combination” of high commodity prices, low interest rates and good seasonal conditions will continue in the year ahead – sustaining a continued high level of confidence across the sector.

Australia is set for a second consecutive bumper winter harvest, with total production forecast to come in just five per cent shy of last year’s near-record crop, according to Rabobank. In its just-released Australian Winter Crop 2021/22 Production, Price and Inputs Forecast, the specialist agribusiness bank estimates the nation will harvest 52.87 million tonnes of winter grains, oilseeds and pulses this season. While down five per cent on last year’s crop, this is still a hefty 25 per cent above the five-year average.

Australian agricultural land prices are set to continue to climb for at least the next five years – with the sharpest growth to 2023 – Rabobank says in its newly-released annual Agricultural Land Price Outlook.