Australia Agribusiness Monthly April 2020
This monthly update provides a market outlook and Covid-19 update for dairy, beef, sheepmeat, and other key commodities, and gives an overview of what developments to watch in the weeks to come.
Covid-19: The Chinese market has entered the slow recovery process, but the rest of the world is now falling ill. USD prices will fall in many commodities in coming months as panic-buying fades and negative income effects kick in.
Grains & Oilseeds: With higher global pricing and a supportive AUD, we now see APW trading at between AUD 378/tonne (FOB ADL) through to AUD 410/tonne (FOB BNE) in Q4 2020.
Dairy: Weak pricing in dairy markets is set to continue in the near term.
Beef: Favourable seasons and strong producer demand will continue to support domestic livestock prices.
Sheepmeat: Prices are coming off the boil.
Where to go from here
Tim HuntHead of RaboResearch Food & Agribusiness - Australia & New Zealand Read more
Michael HarveySenior Analyst - Dairy Read more
Angus Gidley-BairdSenior Analyst - Animal Protein Read more
Cheryl Kalisch GordonSenior Analyst - Grains & Oilseeds Read more
Wesley LefroyAnalyst - Agriculture Read more
Charles ClackCommodity Analyst Read more
Hayden HigginsSenior Analyst - Horticulture, Wine
Emma HigginsSenior Analyst - Dairy Read more
Blake HolgateAnalyst - Animal Protein, Sustainability