Rural Bank Insights Update
The November update provides an analysis of production and pricing trends for Australian broad acre farmers. It provides producers with a timely overview of current trends and an outlook for the coming months. The highlights include:
- The recent agreement by the Thailand government to ban three chemicals, including glyphosate, could unsettle Australian grain trade to this destination.
- Reduced requirement for Western Australian grain in East Coast feed rations presents downside price pressure to Australian grain values.
- Australia’s wheat crop down six per cent year-on-year and 31 per cent below five-year averages.
The IA-CEPA and feed grains – a foothold for growth into South East Asia
In a special report, Rural Bank has identified the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) as an extraordinary opportunity for Australian grain growers, particularly if it can capitalise on Australia’s preferential access into Indonesia’s lucrative feed grain markets.
While Indonesia is well known for its flour milling capability, it is also a significant consumer of feed grains. The country’s feed milling capacity exceeds the entire average Australian wheat crop, and a feed grain deficit across South East Asian livestock markets is expected to increase by 10 million metric tonnes into the next decade.
Australian Crop Annual Review 2018
Drought and dry conditions have resulted in Australian winter crop production falling to the lowest levels in a decade. Production levels and yields, especially on the eastern seaboard, have been devastating, causing some growers to abandon crops or cut crops for hay.
The Australian Crop Annual Review 2018 provides a comprehensive account of the Australian winter crop by commodity and details the flow-on impact for producers.
Australian Crops Annual Review 2017
National crop production forecast to reduce by a third
This year's Ag Answers Australian Crop Annual Review 2017 has been released and forecasts production to be about 30 per cent lower than last season’s record levels, dipping 10 per cent below the five year average.
The Review finds that in this substantial year-on-year swing, poor early season weather conditions across most of the country’s cropping regions - combined with a drier than normal winter - has limited yields significantly, and below average production is now expected in Western Australia, Queensland, New South Wales and South Australia.
Australian Crop Update April 2017
With a record 2016/17 harvest completed Australian farmers are now planning the 2017/18 season. Front of mind will be low wheat and coarse grain prices, historically low but rising fertiliser prices, high global stocks and the likelihood of a drier than normal season ahead.
The April 2017 Australian Crop Update provides producers and industry with a concise analysis of the Australian cropping sector.
Australian Crop Update February 2017
Expected to exceed 53 million tonnes, the 2016/17 harvest is set to be the highest on record and 34 per cent higher than last season. The challenge now for growers will be to secure the best price for their grain, as prices are predicted to remain under downward pressure.
The February 2017 Australian Crop Update provides producers and industry with a concise analysis of the Australian cropping sector.
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