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Rabobank
“Sun shines brightly” for Australian agriculture in the year ahead – 2022 industry outlook
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.
What to expect in the global aquaculture industry in 2022
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.
Agricultural sector buoyed by strong tailwinds
According to the Q4 Rabobank Rural Confidence Survey, Australian farmers are still optimistic, if slightly moderated from the previous almost record breaking rates in the previous period ... With many crops damaged or destroyed in these regions, grain yields and resulting incomes across the grain sector are likely to be heavily reduced from what was expected to be one of the most significant winter harvests ever recorded.
Farmers finishing year with positive outlook, though impacts of rain-affected harvest still to be felt: Rabobank
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.
A golden outlook for a golden year’ – Rabobank 2021/22 Australian Winter Crop Forecast
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.
Agricultural land prices continue to climb as availability diminishes
Farmers are getting FOMO as agricultural land availability dwindles amid excellent seasonal conditions and commodity pricing, and land prices are expected to climb for at least the next five years as a result, with the sharpest growth to 2023.
‘Does it get any better than this?’ – Rabobank Agricultural Land Price Outlook
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.
Global supply disruption to see Aussie growers lock in ag inputs early for season ahead – Rabobank outlook
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.
Low dollar a boon for agribusiness
Strong month-on-month price increases for most commodities saw Australian agribusiness industry conditions rise to record levels, according to Rabobank, and key drivers are expected to hold out to the December quarter. The latest Rabobank Rural Commodity Price Index rose by another 3.26% in August to its highest-ever reading.
“Excellent” season and booming commodity prices see nation’s buoyant farmers defying broader COVID economic uncertainty
A second consecutive year of good seasonal conditions and high commodity prices is helping shield Australia’s farm sector from the broader economic uncertainty of COVID-19, with farmer sentiment surging in recent months, according to the latest quarterly Rabobank Rural Confidence Survey. The survey reveals Australian farm sector confidence is at one of its highest levels in the survey’s history due to ongoing positive seasonal conditions and exceptionally-high commodity prices, with more than 90 per cent of Australian farmers expecting the current conditions to continue or improve further over the coming 12 months.
