Food & Agribusiness
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Rabobank’s price outlook based on the USDA’s August WASDE report: The August WASDE brings heavy US yields and only moderate demand hikes, driving stocks higher.
The US is Australia’s biggest lamb export market. It has been growing strongly, but what is driving this? Rabobank’s senior animal protein analyst Angus Gidley-Baird speaks with Rabobank’s US-based senior relationship manager Brent Lahman.
The US-China trade war may prompt US meat exporters to seek more share in South-East Asian markets. We see additional export opportunities for US pork offal and chicken cuts – subject to pricing. It would be difficult to accommodate larger volumes, due to non-tariff measures. Trade deficits with South-East Asia may prompt the US to push for improved market access... but the reaction is unclear.
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