Global Dairy Trade auction results have seen some upside since December after a fairly weak run over much of 2018.
Harvest is now underway for 2018-19 winter crop, a season which will likely go down as one of the most mixed in years.
The NAB Rural Commodities Index rose 1.8% in October, following a 6.5% jump in September.
The Victorian economy has been one of Australia’s fastest growing this year. Given the scope of construction projects now ramping up it’s likely transport infrastructure spending will continue to contribute strongly to Victorian growth over the next year.