Rabobank

The Australian almond industry is on track to enjoy a "much better year in 2024", Rabobank says in a newly-released report, with producers expecting to see margin improvement thanks to lower input prices, affordable water prices and high water availability, better climatic conditions and improving export prices.

Australia’s dairy import and export mix is "slowly trading places" – with export volumes falling sharply in recent years while imports have spiked, Rabobank says in a newly- released report.

Australia’s agricultural sector is "moving confidently into 2024", with an overall positive outlook for the nation’s farmers and agribusiness industries in the year ahead, Rabobank says in its newly-released annual outlook ... while agri commodity prices are "well down on the highs seen over the previous two years", the bank’s price forecasts point to "continued positive farm margins in key agricultural sectors in 2024"

Trade logistics are set to become increasingly challenging for Australia’s agricultural sector with the escalating tensions in the Red Sea disrupting global trade, according to agribusiness banking specialist Rabobank. However, there are also potential upsides for the nation’s wheat and barley exports, the bank said.

Australia’s farmers are approaching the end of the year with a hint of improving optimism as rural confidence levels nudge slightly higher in the latest quarter. The Q4 Rabobank Rural Confidence Survey, found net level farmer confidence across the nation edged up marginally…

Southern hemisphere beef-producing nations – including Australia – are continuing to increase production volumes, despite a global trend of production decline, Rabobank says in its recently-released Q4 Global Beef Quarterly report ... "we forecast that 2024 will play out in a similar fashion": Rabobank.

Global food commodity prices are set for respite in 2024 after three years of record highs caused by war, adverse weather and rising energy and input costs, according to Rabobank’s annual Agri Commodity Markets Outlook report. The specialist food and agribusiness bank predicts that global prices of key food staples sugar, coffee, corn and soybeans will fall...

After extreme market volatility and record-high prices in recent years, global fertiliser prices are expected to settle in 2024, despite uncertainty posed by the Israel-Hamas conflict as it currently stands, Rabobank says in a new report. In its just-released Semi Annual Fertiliser Outlook, titled What is next?, the agribusiness banking specialist says while the Israel-Hamas conflict creates some uncertainty in the outlook for fertiliser markets, the current impact for the food and agri sectors is manageable.

After three consecutive strong harvests, Australian grain and oilseed production is set to return to more modest totals for the current season as drier growing conditions ‘hit home’, Rabobank says in its just-released 2023/24 Australian Winter Crop Forecast. The bank says Australia is on track to harvest a total winter crop of 48.72 million tonnes for the current season.

Australia’s sheep, cattle and goat markets are being impacted by very high production numbers, compounded by already large volumes of meat in congested supply chains, according to agricultural analysts at Rabobank. For the sheep sector particularly, there is effectively a "mountain of supply at the moment" following two "extremely good seasons"...