China confirms an unchanged growth target for 2024 but headwinds will make it much harder to reach
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China confirms an unchanged growth target for 2024 but headwinds will make it much harder to reach
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Growth slows in line with NAB’s forecast
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A slow end to 2023
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China beat its modest growth target in 2023, but this will be harder to achieve in 2024
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China likely to hit its growth target this year, but next year looks more challenging
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A further slowing in growth
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Below trend growth to continue
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Bond-fuelled lending to support near-term growth but challenges remain unaddressed
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China’s third quarter growth beat expectations; 2023 forecast edges back above target
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Soft start to Q3 signals a growing chance that China could miss its annual growth target
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China’s recovery lost momentum in Q2 and the outlook for the second half remains cloudy
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Weakness in domestic demand led to underperformance in May
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A soft start to 2023
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A slow start for growth in 2023
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Base effects inflate growth in April; still waiting on demand to recover
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Services sector supports growth rebound in Q1, as base effects boost consumption
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Modest reopening rebound in early 2023 with consumers yet to re-emerge
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Growth slows as consumption softens
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A solid outcome to round out 2022
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Transition away from zero-COVID could boost growth in 2023, however needs to rebalance towards consumption
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Latest COVID-19 wave impacting activity in Q4; COVID policy pivot could provide boost in 2023 (after transition period).
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Post-COVID normalisation continues.
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Slowing growth as consumption, trade normalise
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China refines, not abandons, zero-COVID and remains without an exit strategy
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Growth rebounded in Q3, but base effects flattered the results
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Base effects flatter August’s growth rates, as a fresh COVID-19 wave threatens outlook
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A solid result ahead of a slower H2 2022
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A solid outcome ahead of a slower H2 2022.
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We'll help you find the right foreign exchange risk management strategy by understanding your core business and the challenges you face every day.
Reopening rebound limited by weakness in domestic demand and credit appetite
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COVID-19 measures hit China’s economy harder than expected in Q2, and present downside risk to the outlook.
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COVID-19 uncertainty continues to cloud China’s economic outlook.
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A solid result despite virus disruptions early in the year.
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Imports to weigh on growth despite strong consumption.
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COVID lockdowns point to weaker growth and greater uncertainty in the near term.
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COVID outbreaks dampened growth in March, and cloud near-term outlook.
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COVID and energy prices present sizeable risk to China’s ambitious growth target.
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A strong rebound in activity as lockdowns end.
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Rebound sets the stage for a strong 2022.
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China enters 2022 with relatively weak momentum and considerable uncertainty.
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November data show little underlying improvement from October’s weakness.
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GDP Q3 2021 – A short and sharp fall, now firmly in the rear view mirror.
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Large fall sets up “W-shaped” recovery.
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Partials point to a weak start to Q4, with production and retail soft and investment contracting.
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A series of crises stalled Q3 growth and present downside risk to the outlook.
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COVID restrictions hit retail in August, building on existing imbalances in China’s economy.
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We look at how the proposed Australia-UK Free Trade Agreement could mean new import and export opportunities. Watch now.
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GDP surprises, rising 0.7% q/q.
A soft outcome ahead of a Q3 fall.
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China’s Delta outbreak likely to slow growth in the near term
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China’s economy grew largely as expected in Q2, but imbalance between production and consumption persists.
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Growth slowing as base effects wash away; consumers continue to lag industry.
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GDP Recovers Pre-COVID Levels
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Q1 2021 - GDP continues to recover.
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Smaller base effects meant smaller growth rates in April but retail sales are still lagging.
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Our new podcast series to help small to medium sized businesses make sense of current market movements. This week's podcast includes a focus on inflation and FX implications .
Our new podcast series to help small to medium sized businesses make sense of current market movements.
A new podcast series to help small to medium sized businesses make sense of current market movements.
A new podcast series to help small to medium sized businesses make sense of current market movements.
Quarterly data point to weak start to 2021, but signs of consumers returning is positive.
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As Australian agriculture exports gets set for record earnings, NAB agri economist Phin Ziebell looks beyond the stellar numbers to examine where future opportunities lie.
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Autumn rain lifts EYCI outlook in the short-term.
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Don’t be fooled by surging annual growth rates – momentum is set to slow across 2021.
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Despite a very strong start to the recovery, the economy is likely to have spare capacity for some time.
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Rebound continues as Victoria ends lockdown.
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The rebound continues.
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China’s economy enters 2021 with momentum, but expected to slow across the year.
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China’s consumers finally remerging
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A strong rebound as the recovery begins. GDP rose by a large 3.3% in Q3, following the sharp 7% fall in Q2.
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Large rebound from COVID impacted Q2.
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Consumers gradually returning to the market, with China still reliant on industry.
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2020-21 on track to deliver above average winter crop.
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Q2 GDP fell by a massive 7% (-6.3% y/y), confirming the large hit to economic activity as a result of the shutdown to limit the COVID-19 pandemic.
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GDP is expected to decline by 5.8% (-5.1% y/y) in Q2 – the largest quarterly fall on record.
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Demand fundamentals limiting outlook for wool.
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How Australian producers can maximise their export opportunities in a COVID world.
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China’s old economy drives growth to unexpected high in Q2.
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2020-21 winter crop prospects strong.
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Suppliers are still searching for demand.
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GDP declines on early COVID-19 impacts.
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The calm before the storm.
The latest economic data from China continues to highlight some challenges in its recovery phase.
China’s economy sharply contracted in Q1; weakest growth in over forty years in 2020.
Risks remain amid rapid rise in cattle prices.
A moderate outcome pre COVID-19.
A weak result ahead of the Coronavirus outbreak.
Dairy dynamics: prices, drought and costs impacting dairy landscape.
China’s ends 2019 in line with expectation.
China’s industrial sector appears to have stabilised ahead of new trade deal.
Consumer growth slows further.
Consumption growth remains weak.
After surviving multiple challenges to their market share in recent years, the nation’s wine producers have bounced back and look set to enjoy vintage times.
Most of China’s indicators relatively weak year-on-year, however, the 70th anniversary of the founding of the People’s Republic of China at the start of the October has made this harder to gauge.
Trade war finally shows its impact on China, as industrial sector drags Q3 growth lower.
Across advanced economies, business investment has underwhelmed since the global financial crisis, contributing to weak productivity and lower potential growth.
Pork shortfall to maintain higher inflation in the near term.
Treasury representatives from Associated British Ports, Peel Ports, NSW Ports and the Port of Tauranga recently met to explore and share their insights on the opportunities and challenges facing port owners and operators.
China’s industrial sector struggling ahead of the latest round of trade measures.
Private sector stalls.
Private sector weakness continues.
China’s economy is continuing to slow, even before the latest round of US tariffs (and China’s retaliation), meaning there’s further downside risk.
How successful has China’s deleveraging program been in managing the country’s debt?
Growth slowed in Q2 but policy support should see it stabilise.
Horticulture exports grow to rival Australian lamb and dairy.
She’s apples! How health food entrepreneur DR Vincent Candrawinata spends his day.
Policy makers ready to stimulate as signs of weakness grow.
Can China weaponise rare earths to open a new front in the trade war?
Household weakness persists.
Trade risks realised.
Prospects of another soft quarter.
We examine the last decade in Australian agricultural exports and what’s projected to come.
Looking for work: the health of China’s labour market is still hard to ascertain.
Weaker economic trends even before trade tensions heat up again.
Crashing cars: how deleveraging has hit China’s automotive sector
Household income and construction drag.
Household sector weakness to persist.
Global Dairy Trade auction results have seen some upside since December after a fairly weak run over much of 2018.
The Propel program helps Australian technology start-ups take on the world. Apply now to spend 10 days in the US building networks, meeting investors and absorbing the ways of Silicon Valley.
Education has grown to a scale export industry, and is now Australia’s third largest export earner.
Healthy momentum continues
Harvest is now underway for 2018-19 winter crop, a season which will likely go down as one of the most mixed in years.
Trade impacts are yet to emerge, but mixed signals persist in China.
Keen to expand your business’s global footprint? If so, there are compelling reasons to consider heading to the UK, especially if you own a tech start-up, with an exciting new competition just launched.
A commitment to relationships in Japan and Australia, respect for supply chain profitability and a focus on quality has seen Edwards Livestock double exports in less than a decade.
Recent tariff announcements are a modest negative for growth in US and China although Chinese policy will look to offset the impact.
Rutherglen’s Campbells Wines has lived through the global rise, fall and resurrection of the Australian wine industry. Current head of the winery Colin Campbell discusses how this fifth-generation business structures itself for export success in the 21st century.
Reasonable growth.
With expansion on the horizon, FRANKiE4’s Financial Controller, Jonathan Cole, is focused on the right markets and the right financial facilities to make the leap into Europe and the US.
When BJ Plummer was handed the reins of acclaimed Tasmanian smoked seafood producer Woodbridge Smokehouse, he was instructed not to ‘mess around’ with the brand. We spoke to Plummer about his strategy, which has seen export revenue grow a whopping 1,300 per cent in just three years.
AUD/USD is now expected to be largely contained within a 0.70-0.75 trading range.
Risk to world growth from trade tensions escalating.
From the beginning, Alex Tomic and Nik Mirkovic knew they wanted to think big, and to think global.
NAB’s USD non-rural commodity price index declined by over 3% q/q in Q2 2018. This only partially reversed the large gain made in the previous quarter and, as a result, it is still 7.5% higher than a year ago. The fall in Q2 mainly reflected a decline in iron ore and metallurgical coal prices, although LNG export prices – linked to the price of oil – rose.
If you like a schooner of beer, it’s likely you’ve sipped a brew made with hops from Hop Products Australia. Having weathered this boom-bust industry, and as Australia’s largest hops grower today, the team at HPA is passionate about these little cone-like flowers – and about bringing distinct fresh flavour to every glass.
Solid start to the year.
Do you own a small business that’s selling overseas or importing products and equipment into Australia? Trade finance can help you make the most of opportunities without tying up your valuable working capital.
While many city dwellers see farming as old-fashioned, Kim and David Coulton and family of Morella Agriculture know it’s all about cementing market share by staying on top of the science and technology curve.
Rising to the challenge of parenting four children with Type 1 diabetes prompted Elissa Renouf to found Diabete-ezy, a rapidly expanding business whose products help other sufferers manage the condition. We spend a day with her in export and expansion mode.
Keen to export to Asia? Make sure you understand what’s involved and how best to prepare.
2018 has been exceptionally dry across much of Australia, with knock-on downside to restocker interest and young cattle prices.
From June 14 to June 25, I’ll be leading NAB’s 2018 Agribusiness Japan Tour. If your business involves cattle farming, sheep farming or horticulture and you’re interested in the connections, insight and strategies being used to succeed in Asian markets, I encourage you to join me.
Agromin Australia is expanding its exports by sticking to what it knows best – pulses for the Indian subcontinent. Owner Rajni Patel explains how the company is cornering a larger and larger share of the market for Australian farmers.
Hear from Khan Horne, GM Agribusiness, NAB about what he is seeing across the beef sector, what to expect during Beef Australia 2018, and how NAB is supporting the industry generally and on location at Rockhampton – 6-12 May.
Brothers Hamish and Gavin dreamed of taking their Aussie backyard turf company big and supplying world-class stadiums. Today they’re internationally recognised suppliers in their field.
Fourth-generation Australian winemaker Colin has spent 50 years among the vines and says there’s no place on earth he’d rather be.
The economy looks to have performed solidly in Q4, despite a large subtraction from net exports.
The grandeur of Australia’s wool industry is visible in the huge old wool stores standing tall all over our cities. Moses & Son’s Martin Moses wants Australian wool to rise again – and says the next generation of sheep farmers has the power to take on the world.
Stability in financial markets over 2017 and early 2018 came to abrupt end in recent weeks, with a surge in market volatility and big falls in equity markets and prices for many commodities.
The US Debt Capital Markets provided options for issuers.
Japan is arguably Australia’s most important Asian ally, and its large market of wealthy consumers is a natural target for Australian businesses selling high-quality goods and services. Here are some tips to help you establish successful business relationships.
Jim Barry Wines says there’s no need for Aussie agri brands to compete against each other – all have a place in a modern consumer’s diet.
As Australia moves beyond the mining boom, we need to secure new sources of growth to ensure our future prosperity.
Australia’s GDP continues to grow in spite of subdued wages growth and consumer spending. Gaining a greater understanding of how these contradictory trends break down across regional and metropolitan areas, as well as consumer spending categories, is behind NAB’s expansion of its Consumer Spending and Cashless Retail analyses.
The economy is likely to have grown at a solid clip in Q3. While some pieces of the growth puzzle are falling into place, the stark divergence between business and consumer spending remains despite jobs growth. Non-mining and infrastructure investment will be encouraging for the RBA, but higher wages growth is required.
A shopfront to the world: how Amazon’s arrival could spell opportunity for Australian retailers.
The Australian beef cattle industry has enjoyed a great run over the past couple of years, with the Eastern Young Cattle Indicator (EYCI) hitting a record over 720c/kg in September last year.
Indicators point to marginally softer conditions post China’s leadership change
There were very few consistent themes across the commodity complex this quarter.
Changing of the guard - what does China’s new leadership mean for its economy?
China’s stable growth continued in Q3, but supported by another credit binge.
What does it take to run a successful rural pharmacy? Two business owners – including the winner of this year’s Pharmacy Guild of Australia’s Pharmacy of the Year Award – discuss the challenges and rewards of working in a small town.
In just a few years, Marie Piccone has revived the fortunes of three mango plantations and the once-renowned Manbulloo brand. A careful strategy built on meeting customers’ demands is what got her there.
Superfoods can mean super profits. But which ones are gaining the attention of Australian farmers?
The Indian economy decelerated in the June quarter, growing by 5.7% yoy, the lowest since March 2014.
Q2 GDP data will be released on Wednesday 6 September at 11:30am AEST. Additional partials will be available tomorrow and may alter our forecast.
When the Australian Government removed price reserve guarantees on wool in 1991, the resulting price collapse meant long-standing beef, lamb and wool producers Julie and Sandy Cameron had to either innovate or accept that their business would perish.
As Australia’s most important trading partner, China is one country your business probably shouldn’t ignore. We share tips to help you get started.
Rosalie Rotolo-Hassan started serving customers in her parents’ food business at Adelaide’s Central Market when she was just 12 years old – and launched her own export business at 18.
Chinese data generally weaker in July, returning to trend after strong June
Steady as she goes – economic growth and other key indicators stable in Q2.
Revisions to real GDP growth forecasts this month largely reflect a stronger than expected rebound in coal exports following disruptions from Cyclone Debbie in Q1. Further out, we have not fundamentally changed the tone of our outlook.
Fifteen years ago, two separate groups of enthusiastic investors and abalone farmers set out to secure a footing on the global stage. It wasn’t until they joined forces in 2008 that everything changed and the farms, within the space of nine years, went from individual 70-tonne entities to being the biggest producer of abalone in the southern hemisphere.
The NAB Rural Commodities Index is an index of 28 agricultural commodities weighted by the relative size of each commodity in the Australian agricultural sector.
The autumn break this year was rather mixed, with some areas receiving good rain and others missing out.
Fifty years ago Australia’s main export market was the United Kingdom, shipping wool and wheat. Today over 83% of all Australian exports are going to Asian countries. Nuts and grains – specifically, nuts - are climbing the ranks of top exports.
Many farmers take control of their supply chain but few market the benefits to customers as successfully as Australian Grain Link. Over the past 16 years this strategy has helped them carve out lucrative specialty niches that show no signs of shrinking.
The NAB Monthly Business Survey was a little softer in May, but still points to a healthy business sector. Business conditions are elevated and confidence is holding up above long-run average levels.
Trends stable across the board, no sign of a major economic slowdown.
Key indicators a little softer in April, pointing to easing economic growth in Q2.
Remember the Chinese gooseberry? Not so much. Not until it turned into the kiwifruit and began turning up in fruit salads everywhere. Meet the man introducing ancient Australian bush tucker to global foodies as ‘lime caviar’.
The NAB Monthly Business Survey posted another strong result in April, with both business conditions and confidence improving – pointing to ongoing strength in business activity in the near-term.
No FTA yet, but deepening trade prospects.
China’s income inequality improving but still some long term challenges.
An improving US-China relationship provides a better environment for China’s economy.
In March, the NAB Monthly Business Survey results pointed to an overall healthy economy that is gaining momentum, at least in the near-term.
Results from the March NAB Monthly Business Survey point to an overall healthy economy that is gaining momentum, at least in the near-term.
Head of Asia Business Development, NAB Business & Private Bank, Laura Mattiazzi recently hosted a roundtable discussion at the Global Food Forum addressing the challenges and opportunities facing cropping industries - and how Australian businesses can compete globally.
Global e-commerce and multichannel retailing expert Martin Newman shares his tips on how to build a better e-commerce business.
The NAB Rural Commodities Index is an index of 28 agricultural commodities weighted by the relative size of each commodity in the Australian agricultural sector.
The ballet shoe has remained relatively unchanged for centuries – since it went from having a heel to being a flat. Enter former ballet dancer Tim Heathcote who is taking on the establishment to revolutionise its design once more.
European and US equities have brushed aside the negative lead from Asia which saw the Shanghai composite down nearly 1% on the day and its fourth session of declines.
This May 13-23, I will be leading NAB’s Agribusiness China Tour 2017. If your business involves cattle, sheep or wool, I encourage you to consider joining me.
You may have reached a point where you’ve decided to explore alternatives to exporting alone to Asian markets. Forming a strategic alliance with another business of similar size and market presence can often be mutually beneficial. It’s important to understand how these kinds of partnerships work – and what the benefits are for your business.
China’s rapid economic development and urbanisation have had a major impact on the health of city-dwellers. Changes in diet and lifestyle have triggered an increase in the incidence of chronic ‘western’ illnesses such as diabetes and coronary heart disease. And, while greater wealth, improved living conditions and access to better medical care are extending lives, an ageing population brings its own set of challenges.
An encouraging start to 2017 – although strength still comes from the old economy, with retail trends disappointing.
Business survey suggests solid near-term activity, despite easing from multi-year high.
For Matt, beer is liquid gold that will always go some way to curing what ails you. However, it’s the social aspects behind it that he believes is the real cure.
It’s one of those stories you read about and wonder if it’s true – how a business started out with a small offering and grew into an industry leader.
Recession fears overblown as GDP rebounds; income surges despite weak labour income.
Summer has brought extremely volatile conditions to Australia’s cropping districts. While much of eastern Australia has baked in an extraordinary heatwave, Western Australia has suffered substantial flooding.
Q4 GDP data will be released on Wednesday 1 March at 11:30 AEDT. Additional partials will be available next week prior to the GDP release.
More Australian businesses are doing business overseas and with advances in technology and the strength of the Australian dollar, more and more small businesses are choosing to import goods from overseas suppliers.
For the 2016-17 season, we developed a new wheat production forecast model, based on regional rainfall and state yields going back to federation, with an allowance for technological change.
The China Australia Free Trade Agreement (ChAFTA) is a source of significant optimism for many of our business clients, most notably our small and medium sized business clients who are the key employer base in Australia and who generate a significant percentage of our country’s economic activity.
As an exporter, you’ll want to take advantage of any reduced costs that come your way. Free trade agreements (FTAs) do just that – and will make certain markets more attractive than others because of the greater opportunities for your business.
The strength witnessed in last month’s NAB Monthly Business Survey continued into January, with both business conditions and confidence jumping to much higher levels.
The Australian budget in the first six months of this financial year is tracking a little higher, but not significantly worse than recent budget forecasts
Look out quinoa – an Australian-grown ancient grain with serious health credentials is gaining ground on menus as awareness builds about its many benefits.
Asia’s accelerating meat demand and its proximity to Australia and New Zealand should place meat and dairy export heavyweights in good stead.
When Careline first entered the international market place with their infant formula products, they faced some very tough competition and had not yet developed relationships with big local distributors. Now, they can successfully boast China as one of their main export markets, along with Thailand, Singapore, Macau and Hong Kong.
From a political perspective, President Trump’s decision to withdraw from the TPP reflected US sentiment against globalisation, particularly in the mid-west rust belt.
Exporting goods and services to an offshore Asian market might be the next step to growing your business – and pricing will be vital to your success. Get it right and you’ll become established and make a profit.
Prices across the base metals complex have generally been stronger than expected in recent months, prompting some upward revisions to our price forecasts
Here are 11 tips for success in China which Mr Montgomery shared with the health and aged care business stream of the Australia Week in China conference in Beijing.
Business confidence has held up quite well and is remarkably steady given the context of major uncertainties both at home and abroad. That said, the level of confidence has not picked up to reflect the overall strength in business conditions seen over the past year or more.
We expect growth to face some headwinds in coming quarters but to strengthen later in the year and into the next, assuming the President delivers a fiscal stimulus to the economy
If you’ve been thinking about improving the efficiency of your importing or exporting business with Australia’s largest trading partner, here’s a more efficient way to settle trade transactions in China.
China records a comparatively strong finish to 2016, but Trump trade uncertainty adds downside risk to our moderate easing forecast for 2017.
Re-building the US industrial base, aiming to “massively increase jobs, wages, incomes and opportunities for the people of our country” is the principal economic objective of the Trump Presidency.
The key views of NAB and BNZ's economists and strategists
A free trade zone to expedite Australian food exports into China may soon become a reality. NAB’s Chief Customer Officer believes it’s a game changer for Australian agriculture.
Clare and Keith Mugford have one defining philosophy that’s been pivotal to Moss Wood's export success over the last 30 years: dedication to absolute quality, from soil to bottle.
While prices are likely to stay subdued for some time, increased volume will see the value of exports increase significantly.
2016 was a very tough year for many Australian dairy producers, with farmers beginning the year amid extremely dry conditions in key dairy regions and steep cuts to farmgate prices
Australia is ranked the most favourable country to conduct business by Chinese business leaders and business engagement between Australia and China is expected to increase over the next 12 months, a new report has found.
After suffering through two droughts in 10 years, the fortunes of Central Queensland cattle stud Olive Brahmans turned around when they met a Thai investor interested in their Brahman cows.
We are becoming increasingly concerned about the underlying momentum in the economy as evidence mounts that the non-mining economy is losing steam.
China is similarly an important market for US producers, being the country’s third largest export market in 2015
Global economic growth remains moderate with a sub-trend pace of GDP expansion set to continue.
China’s trade surplus narrowed in November, as a strong month-on-month rebound in imports narrowed the gap.
Cultivating fruit that’s sweet in taste, colour and consistency has positioned 2PH as a citrus market leader that can set its export price.
Contraction in Q3 GDP raises questions about non-mining recovery
Your business can benefit by getting the FX solution that best suits your needs.
Our outlook for agricultural production is highly reliant on the climate outlook
In 2015, JT Johnson & Sons, a fourth generation family business selling ruminant animal pellet feed and hay, celebrated its 20th anniversary with Japanese joint venture partner Asahi.
Imagine 800 million buyers at your door.
A key question this week, for the AUD at least, is whether local exporters will continue to stand aside expectant of still better levels to initiate longer dated hedges and/or whether local real money will now look to lift hedge ratios.
Think ‘China’ and do you think of massive competition or massive potential?
Monthly business survey readings provide the most up to date measure of the pulse of global economic growth – and they have been improving in the months leading up to October.
Sixth-generation farmer Charles Downie has managed Glenelg Estate through a period of drought and active stock reduction, to a flourishing flock producing some of the world’s finest fleece.
Whether you’re currently exporting to Asia or merely thinking about it, a wealth of Australian Government and state support, subsidies, and grants are up for grabs. Taking advantage of any grants, subsidies, support or assistance on offer can help your business expand into overseas markets.
In the hour after it was announced that Hillary Clinton’s e-mails were the subject of a new FBI probe, USD/JPY dropped from Y105.50 to Y104.50, the S&P dropped 20 points or 1% with the VIX spiking by 19% and 10-year Treasuries dropped 2bps from 1.85% to 1.83%.
Research has identified that the Australia-China economic relationship is broader than previously assumed, with considerable new growth opportunities for Australian businesses in agribusiness, manufacturing, real estate, tourism, education and finance and professional services.
Cindy Batchelor, Executive General Manager NAB Business presents the best ways to take your business online.
Global dairy markets have faced very difficult conditions since plummeting in the first half of 2014
The progress of the season, which has been generally much wetter than average in eastern Australia but dryer in the west, continues to be the major consideration for Australian agriculture.
Pactum Dairy Group, part of the Freedom Foods Group, is riding the wave of China’s growing love affair with dairy beverages. Freedom Foods Group Managing Director, Rory Macleod, explains how.
From one product line on Australian shelves many years ago, Stahmann Farms now has an abundant 40 nut products in some of the world’s biggest supermarkets chains as well as delivering branded products into its own online store in China.
While GDP growth has been modest, jobs growth remains solid and inflation is edging up.
If your business needs to import raw materials or goods, there are a few bases you’ll have to cover to ensure you’re importing within the law. You can’t simply import anything; some items are illegal while others are banned from certain countries.
Australian Agribusinesses are beginning to realise the advantages of our geographical proximity to Asia and the tremendous economic benefits it will bring.
The quarterly iteration of the NAB Business Survey provides additional valuable insight into Australian business than the regular NAB Monthly Business Survey. This publication offers a more in-depth probe into the conditions facing Australian business.
Launched 40 years ago, the now iconic Australian soft serve ice-cream brand Frosty Boy has grown to become a leader in the frozen dessert and beverage market both locally and overseas with exports to 48 countries.
Growing a sustainable export business requires vision, knowledge, planning – and funds. It’s a costly endeavour that demands exceptional management of your time and resources.
Spring has brought not only considerable rain to parts of the country but also a further uptick in the NAB Rural Commodities Index.
The bigger picture – A Global and Australian economic perspective
The rust belt region has continued to underperform in recent times – as service focussed provinces have driven a greater share of China’s growth. In 2015, the three rust belt provinces were among the four weakest growing regions.
Global growth still not lifting off.
No surprises in the latest data, weaker real estate sector leads to a softening in the growth profile
The results from this month’s survey remain broadly consistent with our prior view of the economy and the near-term outlook. It points to a patchy, but sustained, improvement in the non-mining economy, with the major services sectors and construction leading the way.
Expenditure components show a lift in domestic demand, supported by public spend.
The trading partnership between Australia and New Zealand is a strong one. With the earliest trade agreement between the two countries dating back to 1922,
It’s been a rather uneventful night for most of the major currencies, with the possible exception of Sterling.
The rise in the USD and short dated UST yields on the back of Fed vice-chair Fisher's comments over the weekend have been partly unwound in the overnight session.
The Australian dollar has opened this week close to 0.76 US cents, having lost some ground last week amid warnings from several key Fed speakers that the market is under-pricing the chances of a Fed rate hike this year
Friday looks to have shown FX traders to be the smartest guys in the room. Traditionally referred to as the ‘last market to clear’ (and so giving FX analysts such as this scribe a career) the dollar had put on a strong showing during the APAC session.
Short sterling positions were dealt another blow overnight by a blockbuster rise in UK retail sales in July where the weather and the low currency has seen a very good month for the High Street.
The overnight session was all about the July Fed Minutes.
Europe had a quiet day with many continental countries observing Assumption day. The Stoxx 600 index ended the day flat and the FTSE100 climbed 0.36% aided by another move lower in Sterling.
Spare capacity in the labour market seems to have been an important part of the RBA’s recent decision to lower the cash rate further. The linkage is low wages growth – which reflects this spare capacity – and which, as a key determinant of prices, impacts on the RBA’s outlook for inflation.
The previous Friday’s strong US payrolls report has become a somewhat hazy memory after a much softer than expected retail sales report on Friday that challenged prevailing confidence that the US consumer has entered Q3 in rude health.
Almost 24 hours after yesterday’s decision by the RBNZ to lower the OCR by 25bps and the NZD USD is almost exactly where it was before the rate announcement.
NAB’s Rural Commodities Index includes 28 commodities. The index is weighted annually according to the gross value of production of each industry in Australia.
Aglive has developed a unique digital traceability platform to connect farm to food and unlock the value of food safety compliance for farmers.
In this report we present a strong outlook for Australian pulses production, reflecting the exceedingly favourable season so far and greater plantings for some varieties.
Our expectations for prices in the coming year are underpinned by our forecasts for a generally lower AUD, tracking in the high 60s range in late 2016 and 2017.
The winding down of the mining investment boom has largely unfolded as many had predicted.
Kosmea’s Managing Director Marie Kapetanakis recalls how she sold the family car to start her organic skincare business, and recounts her journey to heading up the global success story it is today.
March quarter GDP growth was only 0.8% qoq annualised. However, at this stage it looks like GDP growth has strengthened in the June quarter.
Automation can help to reduce costs, boost production and make Australian SMEs more globally competitive. Professor Roy Green, Dean of the UTS Business School, and RØDE Microphones founder Peter Freedman discuss the best ways to make the most of emerging opportunities.
Iron ore prices trended lower across 2015 – from around US$70 a tonne (for 62% fines landed in China) in January, to a record low.
The international trend towards more nutritious, protein-rich eating is reaping healthy rewards for Australia’s largest nut and health food company, Select Harvests.
This report presents our initial estimates for Australian wheat production for the 2016-17 season.
Australian agriculture has seen a number of significant developments since the release of the last NAB Rural Commodities Wrap
US equities fell overnight and the US Treasury curve flattened to its lowest level since 2007 after solid data and hawkish Fed talk increased market’s expectations of US rate hikes.
The U.S. economy had a weak start to 2016, but we forecast it to rebound, with moderate growth expected through to 2018
The US Energy Information Agency revised up its forecasts for oil prices for this year and next, lifting its forecast for WTI for this year by nearly $6/bbl to $40.32 from $34.37.
The 2016-17 Budget includes a number of measures for agriculture, relating to water and drought, infrastructure, innovation and trade as well as revenue and savings measures.
NAB surveyed Australian business integration with East Asia in September 2014 and China in December 2015. Recent headline trade data indicate a reversal in the decades-long process of growing integration with our region as exports have declined.
Today’s CPI produced the lowest quarterly and annual rates of core inflation recorded since the RBA commenced inflation targeting - and rates that are starting to diverge below the lower end of the Bank’s target band.
Tomorrow’s CPI will be another low print but unlikely to sway the RBA into easing monetary policy given the continued resilience in the non-mining economy. NAB’s forecast for the March quarter CPI is for Australia’s official inflation rate to be 1.6% y/y (after 1.7% in Q4), the sixth quarter below the 2-3% official RBA target range.
Our forecasts point to Australian agricultural prices trending generally somewhat higher in AUD terms this year, despite challenging international conditions. However, the stronger AUD presents a risk to local prices.
The latest NAB business survey and labour market data accord well with the RBA’s policy stance – low inflation provides ample scope to ease monetary policy further should that be necessary to support the economy, though activity and labour market data do not suggest that such a move is necessary
An improvement in risk appetite has helped global equity markets recovered some grown overnight with the Nikkei a notable exception. FOMC minutes revealed an April hike was discussed, but a cautious approach appears to be well entrenched. A pick up in oil prices contributed to the positive move, but the strength in the yen continues to weigh on Japan’s equity market.
In last month’s Update we noted that after a soft end to 2015, the partial indicators were pointing to a turnaround. Some new data (for February) and some hefty revisions to historical data later, March quarter 2016 GDP growth is now tracking at only 0.7% qoq (annualised) according to the Atlanta Fed’s ‘Nowcast’.
Just over 15 years ago a trusty Tasmanian truffle dog named Pickles sniffed out the unmistakable perfume of the first Australian-grown black truffle. Today we are the fourth-largest producer of the luxe fungus labelled “black diamonds” because of the price tag it commands.
The Australian cattle industry is in the midst of a significant transition following a period of almost unprecedented growth in cattle prices.
The Fresh Produce Group has built its burgeoning Asian export business by expanding on what they already did very well – international trade, economies-of-scale, and customer-centred delivery.
Price developments over the past week supportive of NAB view that markets had become overly pessimistic on the growth outlook – commodities, equities and the $A all rally strongly; bond yields rise sharply.
Overall, 2015-16 has been a broadly promising export year for most major Australian agricultural exports.
VIDEO: Georgia Beattie, founder of Beatttie Wines, discusses how she plans to remain innovative over the next five years and who she is partnering with to do so.
Our forecasts point to Australian agricultural prices trending higher in AUD terms in 2016, despite challenging international conditions.
This excerpt from the NAB ACRI Australia-China Business Index examines barriers to engagement between Australian and Chinese businesses.
While most of their neighbours were growing food crops for the domestic market, the Salvettis of North Queensland Tropical Seeds (NQTS) diversified their seed, grain and legume crops with traceable Australian-grown chia, tapping into lucrative offshore markets.
The United States of America (US) is the economic powerhouse of the world, with its largest and richest consumer market. Last year marked the 10th anniversary of the Australia-United States Free Trade Agreement (AUSFTA), which came into force in January 2005.
RBA watching international developments closely; far from panicking about the current state and momentum in the domestic economy with signs of the economy’s emerging rotation
This excerpt from the report synopsis examines how Australian and Chinese businesses believe the Australia China Free Trade Agreement will impact bilateral engagement.
The impact of oil complicates the outlook.
Since early November, oil prices have resumed a clear downward trend, punctuated by episodes of sharp declines during early to mid- December and the first half of January.
VIDEO: We talk to Georgia Beattie about how she went from a uni student to a successful business owner who exports her products to Asia.
The first-ever report comparing attitudes of Chinese and Australian business leaders towards bilateral engagement was conducted by NAB and the Australia-China Relations Institute (ACRI) at the University of Technology Sydney. This excerpt examines how bilateral engagement is expected in increase.
The markets make significant reversals on little fundamental developments, suggesting positioning and sentiment had become extreme.
The rotation in economic activity towards the non-mining states is continuing, while conditions in mining states have become more challenging as commodity prices have fallen further.
The first-ever report comparing attitudes of Chinese and Australian business leaders towards bilateral engagement was conducted by NAB and the Australia-China Relations Institute (ACRI) at the University of Technology Sydney.
Australian producers have been shielded from much tumult by a lower Australian dollar and a large and relatively stable domestic market.
The organic wine industry, once a cottage industry run by and targeting a handful of mavericks, is now big business.
Investors ended 2015 in a defensive stance. Following the risk aversion tone seen in the previous day, equity markets were sold on Thursday while core global bonds benefited from a safe haven bid.
Father and son entrepreneurs Stuart and Cedar Anderson of Flow Hive™ fame overshot their original crowdfunding target of $97,000 by about $16.8 million. How did it happen and where do you go from there?
NAB’s Dean Pearson shares his economic outlook for small-to-medium business owners in 2016 as Australia prepares for life after the mining boom.
Moves in oil prices remain the main driver for markets amid a decline in trading volumes ahead of the Christmas holiday break.
There are plenty of opportunities for agribusiness in 2016. Four agri specialists from NAB – Khan Horne, Phin Ziebell, Greg Noonan and Rodd Ludeman, share their predictions.
Spanish politics has been a watch point for markets since the weekend with the national election not producing a clear majority for any one party and not an obvious coalition likely to be formed, according to Spanish political commentators.
We draw attention in this Weekly to the importance of growth in the population to the economy and how population growth has slowed in recent years.
Friday was one of the four ‘triple witching’ occasions of 2015 (expiration of stock index futures, index options and individual share options) –sometimes known as freaky Friday.
While European equities closed higher overnight, the US market opened down and it’s remained that way into the last hour of trade.
An important week as Australian markets prepare to wind down for Xmas and the summer holidays, with the MYEFO Budget outlook on Tuesday expected to reveal a mild worsening in this year’s deficit to $38bn and to bring to account lower long-term growth assumptions.
Shoes of Prey co-founder Jodie Fox has moved the fashion-tech company stateside. She shares her experience tackling the US market from her Santa Monica base.
As we are about to press the send bottom, the RBNZ has cut its key rate to 2.50% from 2.75%. In the statement the RBNZ has noted that it expects to reach its inflation goal at current policy settings and that the rise in the exchange rate is unhelpful and further depreciation would be appropriate.
The violent upwards reaction in all things euro in response to a set of ECB decisions that underwhelmed expectations.
“Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals,” Fed Chair Yellen told the Economic Club of Washington overnight.
This report presents our forecasts for Australian agricultural exports for 2015-16 as well as estimates for 2016-17. Overall, 2015-16 looks to be a promising export year for most major Australian agricultural exports in value terms, supported by a lower Australian dollar.
Taking the risk to pitch an Australian segment for Sesame Street has opened doors globally for Wayne Denning, founder of Carbon Media.
Agricultural markets continue to react to the unfolding El Niño event, albeit in varying directions. Overall, the NAB Rural Commodities Index was stable in October.
Agricultural prices continued to diverge in September. Most major grains fell as did fruit, vegetables and trade lamb (reflecting seasonal trends) however dairy prices strongly rebounded and sugar, beef and rice were also higher in AUD terms.
The Trans Pacific Partnership delivers tariff reductions and improved market access for Australian agricultural products. With TPP countries representing a third of Australian agricultural exports, these benefits are potentially significant.
Earlier this week, Australia agreed to become part of a historic trade agreement, including countries that account for nearly 36% of global GDP and one quarter of global trade. This document provides a summary of the key measures, reported benefits and what we know so far about contentious issues.
Mara Seeds is a diverse family company selling everything from organic soil treatments to cattle. Managing Director Stuart Larsson discusses his sustainable approach to business.
Australia’s agricultural producers, long frustrated by the inaccessibility of neighbouring Asian markets, now find themselves operating on a more level playing field given the signing of free trade agreements with Japan, Korea and China.
Key Points Agricultural prices diverged in August and into September – protein and fibres generally rose while crops trended lower. Overall, the NAB Rural Commodities Index was flat in AUD terms in August (down 0.1%) and moderately lower in USD terms (down 2.0%). The AUD continued its downward trajectory in August, before sinking below 70 […]
Another relatively calm and comfortable session heading into the FOMC meeting. With markets and economists split on the outcome, something will move if the Fed does, or it doesn’t. So enjoy the quiet day today, ahead of tomorrow.
Concerns about the extent of slowing in China, the anticipated rise in the US Fed Funds rate, and sharp declines in commodity prices have generated unease about the impact on emerging markets. Among the major Asian Emerging economies, South Korea and Taiwan, appear stronger than the rest.
Economic activity is shifting back to the eastern seaboard as the economy transitions towards non-mining sources of growth with domestic demand will be strongest in New South Wales and Victoria.
The RBNZ has just delivered a universally expected 25-point cut to the OCR (to 2.75%) and says both that some further easing seems likely and that further currency deprecation is appropriate. This takes a bite out of pre-RBNZ NZD strength.
Lamb prices follow a generally seasonal pattern, rising early in the year before declining in spring as spring lamb supply becomes available. Nonetheless, monthly average trade lamb prices have remained reasonably steady through July and into August this year and prices are now well ahead of the same time last year.
The global financial markets are breathing a sigh of relief and enjoying the advent of Spring here in the Southern Hemisphere. Happy days: the Fed may wait a little while before raising rates and China seems to have everything sorted.
NAB’s non-rural commodity price index is expected to fall a further 8% in the September quarter (in US dollar terms) – following an anticipated 7% decline in June.
Indonesia is Australia’s 11th-largest export market and 12th-largest trading partner. From what to wear to business meetings to how best to manage the decision-making process, we share tips to help Australian businesses prepare for opportunities within the world’s 16th-largest economy.
Variability in Australia’s growth outcomes by quarter indicates an economy undergoing significant structural change as it attempts to transition away from mining-investment led growth.
The RBA Board is sure to leave the cash rate at 2% on Tuesday and their Statement is likely to again signal a very modest easing bias. Absolutely no intent, but nonetheless an acknowledgement that if needed they still have 200bps of interest rates to play with.
The Economist this week carries a topical article on commodities, “Goodbye to all that: a decade of binging on raw materials may leave an even longer hangover”, outlining the pressure on producers now from declining prices.
The NAB Rural Commodities Index continues to rise in AUD terms (up 4.1% in July), supported by a lower dollar and higher beef, fruit, domestic wheat and sugar prices.
Noteworthy developments last week from the RBA, were: (i) the Deputy Governor attribute most of the recent increase in Australian house prices to an increase in land prices; and (ii) Assistant Governor Chris Kent add the composition of recent Australian growth (and possible mismeasurement issues for services growth) to the list of explanations as to why Australian employment and unemployment outcomes had outperformed expectations despite as expected relatively slow GDP growth.
This week we attempt to interpret the latest developments in the large and complex range of conflicting influences impacting on the Australian economy and financial markets. It’s fair to say there is something for everyone in the latest data and policy pronouncements.
The value of education as an export for Australia is set to boom as the country taps into the soaring growth in demand by international students in Asia and beyond.
NAB Agribusiness has revised its national wheat crop forecast up to 21.6 million tonnes for this season, with 23 million tonnes possible contingent on good spring rain in key wheat regions.
Event risk aplenty this week with the RBA August Board meeting tomorrow, Friday’s RBA Statement on Monetary Policy (SoMP) and key economy reports. Among those data points, the most market sensitive is tomorrow’s retail sales along with a wider trade deficit.
After recording gravity-defying price gains in April and May that are largely denominated by correlation with the USD, oil price movements have turned bearish in June and July-to- date.
At an outdoor festival in 2009, Georgia Beattie was told that wine was too hard to serve. This experience inspired the then 22-year-old to bring her single serve wine concept to life and start a business that turned over $1 million in its first year. She shares her entrepreneurial tips.
The NAB Rural Commodities Index was steady in June. The neutral result largely reflects higher grain and protein prices offset by sharply lower fruit, vegetable and to a lesser degree sugar prices.
Snowden Group achieved a breakthrough for the Australian service sector by cooperating with one of China’s central technical design institutes for the mining sector. The Australia-China Trade Report highlights the trends in the services sector from 2009 – 2014.
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.
Uniting under a single ‘True Aussie’ brand could give Australian farmers more visibility, more bargaining power and higher farm gate returns. Simon Talbot, Chief Executive Officer of the National Farmers’ Federation, discusses the opportunities and how farmers can make the most of them.
Over a decade of cultivating relationships and building up the Tangalooma brand, the number of Chinese visitors has increased tenfold.
The past decade has seen remarkable growth in the trading relationship between India and Australia, with two-way trade in goods and services reaching $14.8 billion in financial year 2013-14.
The NAB Rural Commodities Index rebounded in May – up 4.2% in AUD terms and 3.4% in USD terms. The improvement comes off the back of higher beef, lamb, wool, fruit, vegetables and pulses prices, offsetting further declines in dairy.
Oil prices rebounded sharply in April and May, benefiting from a confluence of factors: a stall in the USD rally, signs of slowing inventory build-up in the US, as well as unabated geopolitical volatility in the Middle East marked by Yemen civil unrests.
The Royal District Nursing Service (RDNS) was one of the first Australian healthcare organisations to enter China. Executive General Manager Dan Woods discusses its success and ongoing opportunities.
April saw a renewed rise in beef and lamb prices, combined with stability across major grains, balanced against lower dairy, fruit and vegetable prices.
Post-farmgate conditions were lower than expected despite the March and June quarters generally being seasonally the weakest quarters in the NAB Post-farmgate Agribusiness Survey.The weakness in the results likely reflects mixed climatic conditions.
Sixteen years ago, Melbourne’s Caulfield Grammar School looked to China to give its Year 9 students an immersion experience. The Australia-China Trade Report highlights the trends in the services sector from 2009 - 2014.
Australian service exports to China have been increasing for more than ten years. The Australia-China Trade Report highlights the trends in the services sector from 2009 – 2014.
Cattle prices began to ease in February and continued to fall until late March, before trending upward in early April in line with higher 90CL export prices to the US. Overall, the Eastern Young Cattle Indicator fell 4.6% (AUD) month on month to 424.7 AUc/kg.
One of Shanghai’s largest private real estate developers, Shanghai Zhongfu, faced the challenge to integrate off-take from its planned Australian operation into the long supply chain of China’s domestic market.
The NAB Rural Commodities Index, which covers 28 agricultural commodities, fell 1.7% (AUD) and 3.3% (USD) in March, led by lower beef, lamb, fruit, vegetable and sugar prices. Partial data for April to date points to a recovery in beef and lamb prices.
Australian engineering company, Mawson Global offer value chain services to Australian SME clients who otherwise would not be able to access global sourcing. Their approach facilitates the transition from localised to globalised production for clients.
It’s not widely known that China’s a strong buyer of Australian manufactured goods. In fact, manufacturing is now the second largest Australian exporting sector to China behind resources. The Australia-China Trade Report highlights the trends in the manufacturing sector from 2009 - 2014.
The divergence between mining and non-mining state economies continues, although with mining investment now winding down it is the major non-mining economies that are starting to outperform. Budget positions improving but focus remains on reducing expenditure.
Julie Bishop launched the 2014 Australia-China Trade Report. Commissioned by the Australia China Business Council (ACBC), one of Australia’s most respected China engagement forums and sponsored by NAB, the report examines bilateral trade between the two countries.
The December quarter 2014 saw a rebound in post-farmgate agribusiness conditions, confidence and expected conditions at both 3 and 12 months. However forward orders declined and profitability remained negative. Overall, the sector experienced a more optimistic December quarter.
The Rural Commodities Index, which covers 28 agricultural commodities, gained 2.1% (AUD) and 0.5% (USD) in February on the back of higher fruit, dairy, fibre and pulses prices, which offset mixed performance across grains and protein.
Lisa McGuigan’s eponymous wine label really took off when she secured a deal to create wine for Jetstar’s inflight service. Now her wines are stocked by 350 retailers and restaurants across Australia. She shares her story and next big step: selling her wine into overseas markets.
Finance Minister Arun Jaitley released his first full-year Budget on the 28th of February, 2015. The pace of fiscal consolidation was pushed back, with the 3% Deficit target now likely. Instead, there was a strong push for infrastructure spending.
Forecast production across summer crops remains divergent. Cotton is likely to see a significant fall in price year on year, as changes to Chinese subsidy arrangements and cheaper synthetic fibres eat into demand, outweighing the impact of reduced Australian supply.
Nine months into an ambitious export program, Norco has been exporting between 4,500 to 25,000 litres of fresh Australian milk to China each week – commanding $7 to $9 a litre. CEO Brett Kelly explains how the dairy co-operative gained a foothold in this lucrative market.
2015 brings an expanded Rural Commodities Index, which now includes 28 commodities, up from eight. The Index increased 5.6% in January in AUD terms, as sharply higher beef prices - and to a lesser extent higher lamb, dairy and vegetable prices - offset mixed performance across grains.
After the drastic falls towards the end of 2014, oil indexes started to exhibit some tentative signs of stabilisation since mid-January. Prices traded mainly around mid to high USD40s a barrel in the second half of the month, before breaking above USD50s in the first week of February.
Combined with strong industry fundamentals, Queensland saw significant rainfall during December 2014 and January 2015. In response, cattle prices have risen substantially as producers look to restock. However, despite this optimism, a number of challenges remain.
Since 2008, global quinoa consumption has rapidly increased. In Australia, planting has been concentrated largely in Western Australia. While there are potential benefits from diversification for wheat producers, concerns remain around reliability of yield, weed control and marketing.
David Blackmore’s melt-in-the-mouth Wagyu beef is recognised around the world thanks, he says, to a healthy farm and happy cattle. Today his biggest challenge is keeping up with demand from some of the world’s leading chefs and restaurateurs.
Thanks to the Japan-Australia Economic Partnership Agreement (JAEPA), there are now new opportunities for Australian businesses to move into Japan. NAB's Kohei Tsushima explains how those in agribusiness, financial services, health and education are the most likely to benefit.
2015 could be a good year for smaller businesses. Dean Pearson, NAB’s Head of Industry Analysis, looks at opportunities sector by sector, suggests ways to make the most of them and explains how technology is helping to level the playing field for SMEs.
Japan is in the midst of major demographic changes, which have had significant implications for its economy and will continue to do so. Japan’s population is already declining, and with its society also ageing the drag on the workforce is potentially even greater.
The Indian economy expanded by 5.3% over the year to the September quarter. It's the second successive quarter of above-5% growth, and reflects a gradual upturn in the Indian economy. Financial services and Community services were the best performing sectors.
This report uses our expertise from across a range of industry sectors. In this edition, we present a compilation of articles with the underlying theme on change, and we ask NAB’s Chief Financial Officer for his view of the barriers and challenges for the Australian business landscape.
General Manager of NAB Agribusiness, Khan Horne says the falling Australian dollar is a real boost for agriculture, and combined with the recent announcement of the China–Australia Free Trade Agreement, conditions for 2015 are looking positive for agricultural exporters.
Warren Taylor has been breeding and selling bees for over 40 years. He also rents them out to farmers to help pollinate their crops – and he’d like us all to be more aware of the role the humble honey bee plays in both global agriculture and the Australian economy. We share his story.
Under the China Australia Free Trade Agreement (ChAFTA), big opportunities will exist for agricultural exports with considerable growth potential, like dairy, beef, lamb, wine and horticultural products. Australia's wool industry will also benefit from improved trading conditions.
The China-Australia Free Trade Agreement (FTA) offers considerable potential for Australian agricultural and services firms as a result of their improved market access. Dairy, meat and horticulture stand to gain significantly while most resource exports will end up having duty free access.
Moderate sub-trend growth continues across the emerging market economies of East Asia (S Korea, Thailand, Taiwan, Malaysia, Indonesia, Singapore, HK and Philippines). Growth in the region to increase gradually through the next couple of years.
The latest issue of Business View magazine celebrates successful Australian business women. In our cover story we talk to top horse trainer Gai Waterhouse about overcoming barriers and what underpins the success of her business. We also chat to Collette Dinnigan and Lisa McGuigan.
The latest Post-farmgate Agribusiness Survey shows that while the sector experienced a difficult September quarter, expected conditions for the coming 12 months remain in positive territory at +5.
The overall price outlook for rural commodities stabilised somewhat in September and early October as a falling AUD blunted the impact of lower global prices.
Could Australia become “the food bowl of Asia”? NAB’s Frank Drum and Ben Matigian look at the infrastructure gap in Australian agriculture and the potential for strategic investment in the sector.
The RBI held the policy Repo rate at 8% in its latest meeting – as broadly anticipated. The focus on meeting the 6% headline CPI outcome in January 2016 was reiterated.
Speaking at the BeefEx conference on the Gold Coast today, NAB’s Regional Head of Food and Agribusiness, Patrick Vizzone, explained that China is changing how it does business and the shift in thinking from self-sufficiency to trade provides a massive opportunity for beef exporters.
Adelaide-based FCT Flames has ignited all but one of this century’s summer and winter Olympic Games cauldrons since Sydney in 2000. Con Manias reflects on the time he spotted this unique opportunity for his business as well as managing an unpredictable cash flow.
Since our last Quarterly Oil Market Update in June 2014, global crude oil prices have fallen sharply amid ample supply and weak demand combined with an increasing confidence that turmoil in Iraq is unlikely to disrupt supplies.
The Australia China Business Council (ACBC) promotes trade and investment between Australia and China. National President, Duncan Calder reflects on this critical partnership as China’s burgeoning economy fuels unprecedented demand for Australian supplies and services.
The overall outlook for rural commodities deteriorated in August and September on account of a weak finish to winter rains in many areas combined with forecasts of abundant global grain supplies and lower prices for major agricultural commodities.
“The index shows that Australia’s engagement with Asia is dominated by product imports and not surprisingly, our engagement is clearly strongest with China across all sizes of business. But, it is higher for SMEs than the ASX 300” said Alan Oster.
With imports and exports worth $9 billion and $19 billion respectively, the Republic of Korea is Australia’s fourth-largest trading partner. We share tips to help Australian business prepare for opportunities in South Korea.
China accounts for a staggering 43 per cent of the projected increase in global agrifood demand over the next 35 years, and Australian agribusinesses are positioning themselves now to seize the business opportunities.
The Indian economy expanded by 5.7% in the June quarter, the fastest pace in over 2 years. By sector, Services (Financial & Community services) and Industry were better performing, while Agriculture eased due to weaker monsoon conditions.
After (unrevised) growth of 1.1% in the March quarter, growth of 0.5% in Q2 with the known 0.9% drag from net exports was a more than respectable outcome. Headline growth was a tad above the 0.4% consensus and our own 0.2% call.
Australian beef prices are forecast to increase 3.5 per cent in 2014-15 on the back of a 4 per cent fall in production as producers rebuild herds, according to the latest NAB Agribusiness Rural Commodities Wrap.
Australia’s Federal system of Government makes State Governments a critical part of the overall fiscal and economic performance of Australia. This handbook is intended to provide a comprehensive update and reference tool on both the economies and fiscal finances for each State.
The direct impact to Australian agricultural producers of the Russian Government’s embargo on most food imports is likely to be relatively small. However the secondary impacts are likely to be of greater concern for Australian producers.
In the wake of Japfa Comfeed Indonesia’s acquisition of two Top End cattle stations Samuel Wibisono, Japfa’s GM Beef Division, explains the opportunities and challenges for Australian beef exporters into a growing Indonesian market.
The RBI held the policy Repo rate at 8% in its latest meeting – as broadly anticipated. The Statutory Liquidity Rate was cut by 50bp to 22% to enable banks to free up capital for lending, and to boost their liquidity coverage.
The rise in the consumption tax rate has had the expected impact on the economy. Spending was pulled into the pre-tax months and has fallen sharply since the rate rose from 5% to 8% on April 1st. Although Japanese firms have told the central bank that the consequences of the tax rise
One of the largest vertically integrated supply chain organisations in the world, Australian Country Choice (ACC) is looking to expand its supply of high quality meat into Asia. CEO David Foote discusses the challenges and opportunities ahead.
The 2014-15 Australian wheat season is off to a good start in most growing areas following autumn rain, and domestic prices are at a premium to international levels due to concerns about the impact of a dry spring.
India’s new Finance Minister, Arun Jaitley, delivered his maiden Budget on the 10th of July. It was a good document, albeit not a ‘game changer’, and needs to be followed up with further action and implementation. There were positives for consumers, infrastructure spending, real estate.
The latest National Australia Bank (NAB) post-farmgate Agribusiness Survey reports that the sector remains overwhelmingly optimistic about business conditions over the next 12 months, despite the index falling in the June quarter.
With information about prices, market trends and the supply chain, farmers can plan more effectively and run a more profitable business. Mick Keogh, Executive Director of the Australian Farm Institute (AFI), explains the importance of statistics and where to find the most useful ones.
Australian businesses are increasingly exporting to Asia. Business View talks to Thermal Electric Elements (TEE), a manufacturer of custom-made heating units and elements, about their journey east and the impact it’s had on their business so far.
The relative price stability that characterised Brent and Tapis in the first half of 2014 has been shaken of late by unexpectedly severe sectarian turmoil in Iraq. After Mosul fell on 10 June, Brent jumped 4% in a week and broke through $115 per barrel by 19 June.
Dairy farmers are encouraged to review budgets and timing for any capital expenditure plans off the back of opening dairy price forecasts. NAB’s Neil Findlay says these plus this financial year’s stronger finish should support the confidence that’s been returning to southern producers.
Supported by still-low bond yields and more positive economic data from China and the US, global equity markets maintained their upward trend in May to close higher in general. However, commodities markets were more mixed.
Moderate sub-trend growth continues across the emerging market economies of East Asia (S Korea, Thailand, Taiwan, Malaysia, Indonesia, Singapore, HK and Philippines). Lack-lustre growth in world trade has dampened activity in this export-oriented region.
While China remains our biggest trading partner, other emerging Asian nations – including ASEAN, Hong Kong, South Korea and Taiwan – are critical sources of imports and exports for Aussie SMEs. Understanding these regional economies and their distinct differences is critical.
India’s economy expanded by 4.6% during the year to March quarter 2014; it increased 4.7% over the 2013-14 financial year. By industry, agriculture and financial services were the strongest performing; manufacturing and mining remained in recession.
In this edition, Business View magazine highlights the success of businesses working with, inspired and supported by family. Our cover story features how Mildura Brewery owners Stefano de Pieri and wife Donata Carrazza successfully blend family and business.
Australia’s 25th Prime Minister, the Hon. John Howard, spoke at the World Business Forum about how political contexts shape economic climates, sharing his optimistic outlook for Australia and the US and the challenges ahead for China.
There are signs of stabilisation in the growth in the US and China: the US Fed proceeded with another US$10 billion cut in their monthly quantitative easing program to US$45 billion, while Chinese industrial activity gained some support from a series of targeted stimulus policies.
The BJP-led National Democratic Alliance won a landslide election victory in the recently concluded elections, with the BJP winning enough seats to govern in its own right. The result was welcomed strongly by financial markets, reflecting gains in both equities as well as the Indian Rupee.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian small business. As well as analysis, we outline the key initiatives and how the industry is responding.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian business. As well as analysis, we outline the key initiatives and how the industry is responding.
Our leading team of economists have broken-down how the 2014 Federal Budget impacts Australian agribusinesses. As well as analysis, we outline the key initiatives and how the industry is responding.
While some saw this as ‘the Budget we had to have’, the grants news is good. Overall funding for businesses is set to increase under measures proposed in the 2014 Federal Budget. GrantReady summarises what the Budget means for grants and funding programs.
The 2014 Federal Budget outlined some drastic measures for the agriculture sector – from changes to Landcare to additional RD&E funding. Colin Bettles, Canberra Bureau Chief, Fairfax Agricultural Media, shares his summary of the proposed measures.
Post-farmgate agribusiness conditions fell significantly in the March quarter from a 9-year high in December quarter as supportive seasonal factors dissipated. However, a sustained period of positive readings suggests that underlying fundamentals remain strong.
Globally, commodity markets experienced heightened volatility in March, with the concerns of a slowdown in China and its first domestic bond default triggering some investor risk aversion.
When running a business it’s important to understand your obligations in relation to domestic and international sanctions and embargoes, and how they may potentially impact your business before entering into arrangements with offshore customers and/or their agents.
China is the world’s biggest market for red wine at 1.87 billion bottles in 2013. Australian wine producers are invited to experience first-hand Chinese tastes, the local industry and build valuable contacts with a wine study tour to China and Hong Kong.
At its first bi-monthly Monetary policy statement for 2014-15, the RBI maintained the policy Repo rate at 8%, as expected. India’s headline inflation indicators have improved with easing vegetable prices, although the Core CPI remained sticky at 8%, reflecting high prices for services.
Since mid-January, several idiosyncratic factors, such as the ramping up of takeaway capacity by the Keystone XL Pipeline, better US economic data and unseasonably cold weather, have propped West Texas Intermediate (WTI) prices relative to Tapis and Brent.
There’s been a lot for Aussie businesses to talk about recently, from shoes to defence contracts - Australian and global markets appear to be bursting with opportunities. Here's a selection of business insights to help you uncover the opportunities across all business sectors in 2014
Global equity and commodity markets exhibited increased volatility in the past month, caused by heightened geopolitical tensions in Ukraine, adverse weather events in the US and news of a slowing Chinese economy. December quarter GDP result for Australia was close to trend.
There’s been a lot for Aussie businesses to talk about recently – from the impact of weather on global economic growth to retailers’ expansion plans. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
India’s economic growth decelerated to 4.7% in the December quarter 2013, in year ended terms, from 4.8% in the September quarter. The standout was the Services sector (particularly Financial services and Community services), which grew by 6.7%, followed by Agriculture at 3.6%.
Post-farmgate agribusiness conditions rose significantly to their highest level in 9 years in the December quarter, with across-the-board improvements in all the three components of trading, profitability and employment.
There’s been a lot for Aussie businesses to talk about recently – from the action on Melbourne’s Chapel Street to where to find the richest retirees. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
Moderate economic growth continues across the emerging market economies of East Asia (ASEAN, HK, South Korea and Taiwan) with the pace of regional growth quickening from just under 4% yoy in September quarter to 4.3% yoy in December.
Australia is on track to be the third largest exporter of raw cotton in the world in 2013-14, with forecasts of just under one million tonnes according to the latest Rural Commodities Wrap. The AUD is forecast to track lower which should provide further benefits to exporters.
Last week there was a lot to talk about for Australian businesses - from Xbox One gamers to Valentine’s Day and cornflakes. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
The reports utilise our expertise across a range of industry sectors. In this edition we are pleased to present a compilation of articles with an underlying theme around the Australian opportunity in the growing Asian region.
Australia is a nation that prides itself on sports and we have plenty of options when it comes to sourcing our equipment and selling it. Here are some interesting facts and tips for your consideration.
At its Quarterly Monetary policy review on the 28th of January 2014, the Reserve Bank of India (RBI) raised the Repo rate by 25bp to 8%, and simultaneously raised both the MSF (Marginal Standing Facility Rate) and Reverse Repo Rate by 25bp to 9% and 7% respectively.
The big question for 2014 is whether the Australian dollar will keep trending lower with perhaps a secondary question about whether Australian property will continue to boom. According to Business Spectator’s Alan Kohler - yes and yes.
The global economy capped off 2013 on a strong note, with monthly measures of global industrial output and trade indicators picking up to finally be consistent with the more buoyant message that the advanced economy business surveys have been signalling since late 2012.
The New Zealand economy is set to be one of the strongest in the developed world this year. This should provide a timely boost to the Australian export and tourism industries, particularly if the New Zealand dollar appreciates as much as some expect.
The limp performance of metals and bulk commodities over the past couple of years has resembled a unicycle rather than the superbike of previous years. According to Simon Wright of The Economist, the 2014 outlook for demand is rosier and commodity prices should start climbing once again.
Some of the world’s fastest-growing economies in 2014 will be in Africa. Since 2001, Africa’s GDP has expanded more quickly each year than the global average. In the past decade, only the block of developing Asian economies, led by China, has grown faster than Africa.
Start to prepare for a new era in the Australian Chinese relationship. Well within five years, instead of simply looking at Chinese manufacturing, Australia will look at the tourist bookings due to a very big rise in Chinese tourism.
As many SMEs might be a million miles away from the mining and resources sector, it’s easy to think it’s all completely irrelevant. That’s not the case. It’s important that you're aware of the general direction of the industry because it can affect your own business.
New Year is the perfect time to be considering and reviewing your strategies for the year and putting your plans in place to make the most of opportunities. Our message to farmers is that if they’re ready for more in 2014, we’re here and ready for them.
Through our partnership with Kochie’s Business Builders, David Koch speaks with NAB Chief Economist of Markets, Rob Henderson about his outlook for 2014. Join them as they discuss some of the big trends in the economy that may impact small business.
This year in business there's more to talk about.
The summer edition of Business View Magazine explores the ecosystem behind the business of sport, looking at how entrepreneurs working in and with the sports sector deal with changes in the business environment. Download the free iPad edition via our new publications app NAB Think.
Companies in the industrial raw materials sector are facing a new era. For years, miners of resources such as iron ore, base metals and coal enjoyed a boom driven by incredible demand from China and other emerging markets that were urbanising and investing heavily in infrastructure.
There are strong opportunities for Australian agribusinesses as key Asian markets are increasingly demanding high quality, safe and healthy food.
Do you know how sanctions and embargoes work and how they can impact your business? As an agribusiness it's important to understand your obligations in relation to domestic and international sanctions before entering into arrangements with offshore providers and/or their agents.
Indian growth accelerated to 4.8%, in year ended terms, in the September Quarter, up from 4.4% in the June quarter. An improvement in the agricultural sector (up to 4.6% from 2.7%), due to a favourable monsoon season, helped drive the improved outcome.
Average oil prices fell for the second consecutive month in November. In addition to the bearish sentiment in the crude oil futures market, oil prices have generally returned to be more aligned with the reality of fundamentals where ample supplies, have served to weigh on prices.
Global growth remains at a moderate sub-trend pace and it’s expected to pick up to slightly below trend in 2014. However, NAB business conditions remain weak and forward indicators deteriorated slightly. There are still no signs of a recovery in non-mining investment.
At its Quarterly Monetary policy review on the 29th of October, the Reserve Bank of India (RBI) raised the Repo rate by 25bp to 7.75%. It simultaneously cut the MSF (Marginal Standing Facility Rate) by 25bp to 8%; this follows a prior 50bp cut on the 7th October.
It’s a season of stark contrast for Aussie wheat growers, with those in the west and south set for a bumper season while those in the east are doing it tough. International factors are also placing downward pressure on prices, with Canada producing one of its biggest wheat crops on record.
Behind the volatility in the monthly data, the trend pace of growth in the emerging market economies of East Asia (which stretch from S Korea to Indonesia) remains weak. Industrial output and export volumes are barely above year-earlier levels, reflecting sluggish growth in world trade.
Post‐farmgate agribusiness conditions maintained its momentum in the September quarter to remain in positive territory, with the profitability index recording its first positive reading in three years.
Discussions of food security in Asia have often centred on the issue of supply, but now the emphasis is shifting from quantity to quality. The ability to address the issue of food quality is complicated by the increasing complexity of the food supply chain in Asia.
Global bond yields fell in September from the US Fed surprise decision not to initiate the tapering of its quantitative easing program. Meanwhile, commodity markets weakened further. The strong pace in the economic recovery in big advanced economies evident in the first half of the year
At its Quarterly Monetary policy review on 20 July, the Reserve Bank of India (RBI) cut the MSF rate by 75bps, whilst raising the Repo and Reverse Repo rates by 25 basis points. The Cash Reserve Ratio was held at 4%, but the minimum daily balance was reduced from 99% to 95%.
Wine sales in China are expected to increase 50 percent between 2013 and 2016. Australian wine producers have the opportunity to differentiate themselves from international competitors by concentrating on marketing more premium vintages in China.
Global financial markets rallied strongly when US Federal Open Market Committee (FOMC) defied market expectations of a modest tapering and decided to leave retain the status quo on the pace of asset purchases.
Only 50 percent of Australian businesses have a website, according to a recent poll commissioned by Google Australia. Your website can be a real revenue earner if you build it the right way. We share some very simple but crucial elements to include in your website.
The Indian economy (Production, at factor cost) grew by only 4.4% over the year to the June quarter, 2013. This is the slowest pace of growth since March 2009. By Production, services (primarily financial and agriculture) were the mainstay; in contrast, mining and manufacturing contracted
Oil prices strengthened in July, reflecting heightened concerns over the security of supply with the violent unrest in Egypt, an uptick in Asian crude demand due to improved margins, as well as ramped up refinery runs and tight supply.
Like China, Indonesia has a fast-growing middle class with an appetite for Australian produce. Grant Healy, Director of NAB's Asia Desk, discusses the business opportunities, available resources and the importance of paying a visit.
Post-farmgate agribusiness conditions rebounded in the June quarter to be mildly positive but confidence fell marginally. Customer demand remains the single most significant constraint to businesses’ future profitability. Expectations for capex plans surged to the highest in two years.
It’s time for Australian businesses to start thinking more about how they can tap into China’s booming e-commerce market. Lisa Goodhand, Director at China Blueprint Online shares some steps businesses can take to help boost their sales.
Global equity markets recovered earlier losses as it became clear that central banks would not rapidly turn off their monetary easing, although we still expect the US Federal Reserve to start tapering in the coming few weeks.
30 years ago, Rushel Farm was a bare and uneven block of dirt. Today, Russell and Helen Chapman head a family concern selling over 550,000 cartons of capsicums, melons and mangoes every year. They’re also August’s featured family in the NAB Agribusiness Calendar.
At its Quarterly Monetary policy review on the 30th of July, the Reserve Bank of India (RBI) maintained the benchmark repo rate at 7.25%, and the reverse repo rate at 6.25%.
Exports from Australia to the emerging economies of Asia (ASEAN, S Korea, Taiwan, HK) remain below their 2011 peak, largely because of lower commodity prices. Dairy is 40% of New Zealand exports to these economies and higher dairy prices have driven a rebound in its earnings from the region
In this edition, we delve into the experiences of finance commentator turned business builder Alan Kohler, detail bringing an invention to life and explore running a business in an extreme climate. We also cover retaining staff, handling tax in your SMSF and negotiating contracts in China.
If you’ve been thinking about improving the efficiency of your importing or exporting business with Australia’s largest trading partner, there’s now a more efficient way to settle trade transactions in China. Hear the latest insights from NAB’s team of experts.
The Winter edition of Talking Shop has a new look in addition to the usual insights from industry experts on the latest security, technology and industry developments. We look at how to generate more sales, how to reduce the risk of online fraud and more.
Global equity markets have come under downward pressure, but the latest data on activity is slightly more positive. Business sentiment about current conditions has picked up in advanced economies and growth in global industrial output is faster.
22 years after his first visit, Michael Jackson, a beef farmer and specialist in agricultural real estate, accompanied the NAB Agribusiness team on a 10-day study tour of China. Here, he discusses the country’s development, current opportunities and why he’s since made a third trip.
Global financial markets have taken a dive at the suggestions of the US Federal Reserve scaling back quantitative easing soon and the drying up of new stimulus initiatives by the Japanese government.
David Brett, NAB's Head of Agribusiness for Northern Australia, says it’s been a solid year for Australia's 1,500 cotton farms.Driven by a more positive global economic outlook, Australia looks set to export a record 1.1 million tonnes of cotton this financial year.
In the lead up to the Australian events for Australia China Business Week, we bring you part two of our series and reveal more of the insights discussed at last month’s Shanghai event. If you’re considering doing business with China then read on to learn more about the Chinese market.
The Bureau of Resources and Energy Economics’ (BREE) latest biannual update on the state of mining, infrastructure and processing facilities projects in Australia has provided further evidence that the peak in mining investment is quickly approaching.
Considering doing business with China? Australia China Business Week, the most significant Sino-Australian business events of the year, kicked off in Shanghai last month ahead of upcoming events in Melbourne and Sydney. We reveal the insights shared by the Shanghai delegates.
After a positive December quarter result, the March quarter result has relapsed into negative territory, to be more consistent with the negative pattern observed in the three quarters prior to the December quarter. On balance, more survey respondents reported poor conditions than good.
If you want to do business in China, you have to go there. Developing relationships and understanding the intricacies of doing business are vital to successfully taking advantage of the opportunities presented by Asia’s growing population and wealth.
Global financial markets are digesting latest Euro-zone crisis (Cyprus) where bank depositors are being forced to take losses. Pre-crisis global financial markets had been on a strong rally, especially against the background of still sluggish economic performance in the…
Exports from both Australia and New Zealand to the Asian Tiger economies (ASEAN, S Korea, HK and Taiwan) remain below their previous peaks, largely reflecting lower prices for key export commodities.
Oil prices weaken in March, reflecting European crisis fears following Cyprus deal, a recovery in North Sea oil production and a return of South Sudan oil exports. Most notable declines were recorded for Brent and Tapis oil. Global oil demand forecasts for 2013 revised down reflecting …
Post‐farmgate agribusiness conditions lifted in the December quarter to be moderately positive after three consecutive quarters of decline. Customer demand, availability of suitable labour, government policy and regulation to act as constraints. Medium‐term expectations improved…
Global and domestic financial markets have continued to improve as confidence in the global economic outlook firms. Strong underlying fundamentals of the US economy and signs of recovery in China have encouraged a more bullish market outlook. Commodity markets are less buoyant.
Australia’s fastest-growing supermarket milk brand, A2 Milk™ turned an obscure milk protein into a profitable point of difference. CEO of A2 Dairy Products Australia, Peter Nathan, explains how and discusses the growing export market.
This month in Agribusiness View, we have an in-depth talk with food producer Maggie Beer, hear about Asia’s growing demand for milk and dairy products, and learn how grain growers can manage their risk. We also give you a new view on women in the agricultural industry.
Financial and commodity markets have generally strengthened recently, following the last minute agreement to hold off the US fiscal cliff. Signs of strengthening in China’s manufacturing sector has also provided some confidence about the outlook for global growth.
Speaking at International Dairy Week in Tatura, Victoria, Grant Healy of NAB Asia said the growing demand for Australian agricultural produce in Asia represents a sustainable opportunity for Australian dairy producers and processors.
China’s economic indicators for November continued the broadly improving trend seen recently, supporting our expectation of a modest recovery in GDP growth this quarter. Government investment stimulus and accommodative monetary policy will help offset headwinds from external sectors.
The Australian economy appears to have stumbled into the December quarter. For agricultural commodities, markets have been fairly mixed over the past month. Grains prices have softened a little on expected demand rationing while sugar and cotton remain subdued.
China’s meteoric rise to becoming one of the world’s economic superpowers has redefined global economic growth, specifically, the fundamental drivers of commodity markets. China’s advancement has had significant ramifications for commodity exporting economies, including Australia.
The post farm gate agribusiness conditions index posted a decent turnaround following a very weak June quarter. Driving the result was an increase across the three key components that make up the index, with the sharpest turnaround being trading conditions.
Australian farmers are experiencing price volatility, so how can hedging help them take advantage of boosted demand for Australian exports following the US drought? NAB’s Head of Agribusiness for Business Markets, Rod Fraser, explains.
China’s strong import program is one of several global factors colliding to underpin wheat prices through the end of the year and into 2013, according to the latest Rural Commodities Wrap, which this month focuses on wheat. NAB estimates the crop will come in at 20.6 million tonnes
Oil prices weaken in October but remain quite high. Attention now shifting towards the Asian economies, which have surprised markets on the downside in recent months. Near-term forecasts lifted on geo-political risk, 2013 forecasts left unchanged.
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Global growth weighed down by weakness in big developed economies, emerging markets also slowing Australian farm sector mixed but likely to benefit from US drought, which could add around $6 billion in export incomes to the […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month
This digital version of the 13th issue of Business View includes case studies and features designed to help you get your business firing on all cylinders.
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month.
NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector. Post farm gate business conditions weaken through June. Post farm gate agribusiness conditions decline further in June, due mostly to a large fall in customer confidence Medium term expectations continue to wind back, pulling capex expectations along with them […]
Oil prices continue to soften on ongoing concerns surrounding the Euro-zone, Spanish bond yields rising above 7 per cent and softening US and Chinese economic activity Oil price forecasts revised down, reflecting ongoing market concerns surrounding the Euro-zone, weaker growth forecasts for the US and China and easing supply-side concerns Global crude oil market loosening […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Global agricultural commodity prices come under pressure as European concerns sees heightened financial market volatility Australian poultry industry on firm footing, buoyed by rising productivity and solid growth in per capita consumption Decline in domestic pig meat […]
How can Australian SMEs make inroads into India? We speak with Austrade’s Senior Trade Commissioner, Peter Linford in New Delhi.
Thinking of expanding offshore? Head of Think Global Consulting, David Thomas, gives the inside scoop.
Which agribusiness sectors in Australia are well placed to trade with India? Read our India overview.
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Global agricultural commodity prices under pressure from resumption of ‘risk-off’ attitude pervading financial markets Australian wheat crop of 26.1 million tonnes predicted on good subsoil moisture, but acreage lost to canola Wheat prices […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month.
NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector. Post farm gate business conditions pull back in early 2012 Post farm gate business conditions fall on lower product prices, availability of materials and labour, falling export sales Medium term expectations pull back as recent results see sector become […]
The impact of the Euro-zone financial unrest to the healthcare industry is increasingly affecting importing and exporting decisions of Australian healthcare businesses. Economic backdrop Currency markets continue to be volatile, notes Mike Bligh, NAB Head of Specialised Business, Business Markets and Wholesale Banking, and “significant swings are becoming a daily event. We recently saw the […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Agricultural commodity prices easing further on increased production, AUD impact on livestock markets Sluggish global consumption growth, increased competition from South America and South Africa impacting Australian wine exports Domestically, Australian wines under increasing pressure from rising import […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Agricultural commodities hit record levels in 2011, to ease in 2012 on massive production response. But considerable risk remains based on weather and Euro-zone debt crisis. Prices for agricultural commodities managed to pick up significantly in 2011, […]
What’s the key to long-term business growth? Warrnambool Cheese and Butter Factory explain how they’ve adapted to keep going strong for over 120 years.
NAB's Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector.
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Agricultural commodities weakening on Euro sovereign debt crisis, rising production prospects Wool prices hit by weakening demand prospects, but still relatively high Australian wool production to rise 3.1 per cent in 2011-12 but exports to remain […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month.
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month
NAB’s Quarterly Agribusiness Survey covers economic and business conditions in Australia’s post farm gate agribusiness sector. Post farm gate conditions improve after plunging through 2011 Post farm gate business conditions improve but still remain weak High commodity prices and weak customer demand continue to squeeze post farm gate agribusiness sales margins Capacity utilisation collapses in […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. • Commodity prices weaken on risk-off attitude hitting global markets, but fundamentals still point to solid prices for agricultural commodities • Sugar prices set to weaken as solid crops in India, EU and Russia come online […]
The NAB Rural Commodities Wrap focuses on some of the key economic activity that occurred in the Agribusiness sector during the month. Australian wheat crop downgraded to 21.8 million on dryness in northern NSW, Queensland Beef prices to fall in near term on weakness in Japan, US and high AUD but recover in medium term on tight global […]
Increasingly, Australian agribusinesses are competing with supply from South America and Africa to feed Asia and the northern hemisphere. NAB’s 2010 Agribusiness Leader of the Year, Alan Winney, explains how to profit from this trend.
China, the food bowl of Asia and the world’s fastest-growing economy, offers valuable trade opportunities for our beef and dairy sectors. We outline some of those opportunities, from westernisation of the Chinese palate to animal husbandry.
With the Australian and US dollars trading close to parity, price ramifications for both exports and imports can make life difficult for local industries. But there are tools to reduce financial risk and help protect Australian businesses from the effects of currency fluctuations.
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