Rural Bank Insights Update
The November update provides an analysis of production and pricing trends for Australian wool producers. It provides producers with a timely overview of current trends and an outlook for the coming months. The highlights include:
- Despite some steadying in the wool market, Australian values remain at the mercy of global economic and political uncertainty.
- Volatility is expected to continue as long as Brexit and US/China trade negotiations remain unresolved.
- The longer-term global supply and demand fundamentals remain favourable as drought in Australia and Argentina combine with systemic reduction on global sheep numbers.
Australian Wool Annual Review 2018
This year's Australian Wool Annual Review has been released and forecasts that wool growers should continue to enjoy strong prices in 2018.
2017’s extraordinary streak is continuing with the Eastern Market Indicator (EMI) reaching a nominal all-time high in early March of 1830 c/kg, confirming that 2018 is already a record breaking year for wool prices.
The Review clearly indicates a trickle-down effect to farmers, with the average sheep farm cash income expected to be 35 per cent higher than the average for last financial year - a 20 year high.
The value of land underpins our farming businesses and rural communities. Rural Bank’s Australian Farmland Values 2017 report, providing an overview of key national and state trends such as commodity prices, climatic conditions and other sectoral factors, lending rates and the broader investment environment, will be released in early May.
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Australian Wool Update December 2017
Wool growers are receiving some of their best returns in decades with the AWEX Eastern Market Indicator (EMI) hitting an all-time high of 1681 cents per kilogram in November 2017.
Australian Wool Annual Review
Ag Answers’ latest report, the Australian Wool Annual Review has been released and shows Australian wool prices have reached new heights not seen for decades on the back of export demand and limited supply.
Launched by Rural Bank’s specialist insights team Ag Answers, the 2016/17 Australian Wool Annual Review provides producers and industry with a concise analysis of the Australian and global wool sector.
Australian Wool Update February 2017
Wool prices have begun strongly in 2017, with fine and medium wool prices eclipsing five-and-a half year highs.
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