VM price effect
Last week Mecardo looked at the supply of vegetable matter (VM) in the Australian wool clip and how it was tracking past seasonal patterns. This week we take a look at the discounts for VM in merino fleece. Removing vegetable matter out of raw wool is a conversion cost, not a quality issue such as […]
Higher processor margins not enough to lift exports
The latest refresh of Mecardo’s processor margin estimates is showing more light at the end of the tunnel, with margins improving substantially to get tantalizingly close to break-even over the course of 2021. Despite this likely improvement in fundamental business conditions for the beef industry, it has been insufficient to encourage higher exports. The Mecardo […]
Lentil as Anything
Earlier this month, Pulse Australia and Austrade co-hosted a webinar with the Indian Pulse and Grain Association (IPGA) aimed at understanding supply and demand issues. This article takes a look at the global pulse market and potential impacts for Australia. Participants heard the share of Australian lentils in India’s import requirement had been 10-15% over […]
What’s in store for store lambs?
Last week we took a look at lamb supply and demand dynamics, and what they might mean for trade lamb prices in the spring. It’s not just trade lambs that growers are interested in, with plenty of lambs changing hands at store weights. Restocker or store lamb markets have grown in recent years. Rising prices […]
