June 25, 2015

In Focus: Year Ahead Forecasts – June 2015

Overall, we expect prices to generally rise in AUD terms for most of these commodities, with the exception of dairy and sugar, reflecting strong demand for beef in particular as well as the impact of a falling AUD.

In Focus: Year Ahead Agricultural Price and Production Forecasts – June 2015

  • This report provides production and price forecasts for 2015-16 for seven major commodities within NAB Rural Commodities Index; namely wheat, beef, dairy, lamb, wool, sugar and cotton. Overall, we expect prices to generally rise in AUD terms for most of these commodities, with the exception of dairy and sugar, reflecting strong demand for beef in particular as well as the impact of a falling AUD.
  • The production outlook is more clouded, underscored by the Bureau of Meteorology’s declaration of El Niño in May 2015. Our forecast for wheat in particular reflects the risk of a major El Niño event occurring this year. Further, we forecast a contraction in beef and lamb supply after a prolonged period of elevated slaughter rates.

For more details, please refer to the attached document.

 

 

NAB Rural Commodities Wrap: March 2024

NAB Rural Commodities Wrap: March 2024

25 March 2024

The NAB Rural Commodities Index increased for the fourth month in a row in February . The index increased 2.2% month on month, and is back around levels last seen in April 2023.

NAB Rural Commodities Wrap: March 2024

Report