Cotton outlook soft
Cotton prices hit extreme highs of AUD 490¢/kg in May before collapsing sharply back to 319¢/kg currently. What happened? And what is the outlook? The Australian cotton harvest is tipped by ABARES to reach 5.2 million bales, or 1.2mmt for the 2022/23 season, 3% below the prior 2021/22 season. (Figure 1) While Australia has enjoyed […]
Signs of US export demand losing it’s legs?
There are plenty of theories as to why lamb prices have been falling, and until now it was largely domestic issues. The latest export data confirms this to an extent, but there have been some moves in export prices which might be weighing further on saleyard values. The latest Department of Agriculture Fisheries and Forestry […]
