Australia Agribusiness Monthly June 2016
July 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.
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- 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.