Duxton’s Agri Bits and Pieces – Vol. 344

QUOTE OF THE WEEK

This week’s quote of the week comes from the Deputy Director of CSIRO Agriculture and Food, Dr Martin Cole on the release of the CSIRO’s Food & Agribusiness Roadmap, which charts a course for products, technology and innovation to secure future success in the sector.

“Australian businesses are among the most innovative in the world, and together without world-class scientists, can deliver growth in the food and agribusiness sector amid unprecedented global change… less predictable growing conditions, increasingly global value chains and customers who demand healthier, more convenient and traceable foods are driving businesses to new ways of operating.”

 

VICTORIAN FARM VALUES RISING FASTER THAN MELBOURNE HOUSE PRICES

Victorian rural property prices grew faster than Melbourne houses and apartments in 2016, according to the latest annual figures released by Robert Marsh, the valuer-general of Victoria.

Over 2016, Victorian farm prices rose by 7.4 per cent on average compared with a 5.8 per cent rise in the median Melbourne house price and a 1.4 per cent rise in Melbourne units the valuer-general’s A Guide…

Read More

Duxton’s Agri Bits and Pieces – Vol. 343

QUOTE OF THE WEEK

This week’s quote of the week comes from Kevin Bellamy, Rabobank’s Global Strategist for Dairy, highlighting the giants of the dairy industry as they recover from two years of significant downturn and their forecasts heading into next year.

“As we look forward into the next year, we will see organic growth return, with growing milk supply in the north-eastern US (a JV between Dairy Farmers of America, Michigan Milk Producers Association, Foremost Farms, and Glanbia to construct and operate a new cheese and whey production facility, with Glanbia taking a 50% stake). We will also see growth from acquisitions with increased M&A. At the same time, mitigation of risk is likely to become a major driver for events, as companies will consider their position in the light of future risks caused by Brexit, potential and announced changes to trade agreements, and further changes to environmental and food safety regulations around the globe.”

BREXIT WILL BRING HIGHER PRICES AND LOWER QUALITY FOOD Read More

Duxton’s Agri Bits and Pieces – Vol. 342

QUOTE OF THE WEEK

This week’s quote of the week comes from Christian Porte owner of the Coteaux de Trumao vineyard in Chile, on the Chilean wine industry’s response to climate change. Following a hot spring and an intensively hot summer which saw crops rushed through their growth cycles 10 percent faster than usual, moving harvest up by three weeks and dropping production by 10 percent.

“Vineyards from central Chile are investing more and more in this area (South), escaping from climate change”

BURGER COSTS HIT A 3-YEAR LOW AHEAD OF INDEPENDENCE DAY

Thanks to a boom in supply, retail-beef prices are low enough to compete with pork and poultry. Americans spent $803 million on beef, the most popular U.S. Independence Day meat, in the two weeks near the Fourth of July holiday last summer, a Nielson report shows.

U.S. beef production is rising for a second straight year, helping to boost meat and poultry output to the highest ever. While wholesale prices have fluctuated this…

Read More

Go to page: