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It’s probably the same every year, but 2023 seems to have been something of a roller coaster in Australian agri. And for all of the ups and downs,I wonder which is in front? The answer probably depends on where you are and what you do. In an off and on season, the El Nino declaration finally came. No surprise or new impact to those landscapes that were already very dry through much of the season.
Global demand for our commodities as a collective remains strong. In many parts of Australia, seasonal conditions are ‘not without a chance’, despite the forecast and onset of dry in some regions. It’s always all about the spring and the outlook is a cause for caution. Supply seems to have caught up with cattle and sheep markets, but the same does not appear to be true for grains which is enjoying a level of price recovery. And what of current interest rates and the sector’s record level of debt?
Not only is Australia agriculture always travelling in a cycle of some kind, it is always being impacted by several different cycles at once. While the most prominent of these are clearly commodity prices and weather, more intangible ones, like industry sentiment, will also play a role.
Commodity Insights, Regional making a move (PDF 2.2MB)
Commodity Insights, Autumn 2023 (PDF 4.6MB)
Commodity Insights, Summer 2022 (PDF)
Commodity Insights, August 2022 (PDF 4.6MB)
Commodity Insights, June 2022 (PDF 4.3MB)
Commodity Insights, April 2022 (PDF 4MB)
Commodity Insights, February 2022 (PDF 3.9MB)
Commodity Insights, December 2021 (PDF 4.8MB)
Commodity Insights, October 2021 (PDF 5.8MB)
Commodity Insights, August 2021 (PDF 5.3MB)
Australia has an ambitious plan to achieve an $A100 billion agri industry by 2030. In developing this plan, recent trends should be considered and the size of the challenge should be put into context.
Agriculture remains one of the most capital intensive industries in Australia. That means the need to attract significant new capital underpins the drive towards a $A100 billion industry by 2030.
In May 2014, John Macfarlane joined ANZ’s Board as an Independent Non-Executive Director. Macfarlane, a long term agriculture and commercial real estate investor and former corporate banker, sat down with bluenotes’ managing editor, Andrew Cornell
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