Australia Agribusiness Monthly June 2016

This monthly update provides a market outlook for grains & oilseeds, dairy and other key commodities, and gives an overview of what developments to watch in the weeks to come.

photo of Australian plains

Summary

  • Brexit: For some sectors, the exposure of the Brexit is significant. In particular; beef, sheepmeat and wine exporters would be concerned about any sustained impact on the UK economy and household incomes, and if product affordability suffers due to adverse currency movements.
  • Grains & Oilseeds: The Australian 2016/17 winter crop is off to a good start, with Rabobank forecasting increased production across all three large winter crops, wheat, barley and canola.
  • Dairy:  Several opening dairy prices for 2016/17 have been announced. The spread across the processors in announced price schedules so far is AUD 4.80-5.30/kgMS, reflecting the different business models and market exposures.
  • Tim Hunt

    Head of RaboResearch Food & Agribusiness - Australia & New Zealand
    Read more