Sunday, 28 June 2015

Agribusiness Monthly June 2015

Posted by: Kylie Wilson

Key Highlights:

  1. Grains & Oilseeds - El Nino threat continues to support local Australian grain prices despite exports being globally uncompetitive. Relative to global prices, domestic grains markets are expected to stay well supported throughout 2015.
  2. Beef – Prices have lifted further, even though slaughter and production numbers continuing at record levels.
  3. Dairy – The mechanics for a global market rebound are building; but are not likely until early 2016.
  4. Sheepmeat - Strong demand for Australian lamb in the US and Middle East is compensating for a drop in Chinese demand, helping to stabilise prices. 
  5. Wool - The Eastern Market Indicator (EMI) pushed to a four year high, gaining 11% through the month. While prices eased in mid June, prices remain 300c higher than at the beginning of the season (July 2014).
To view Full Report Click Here.

Posted by at