Navigating 2024: An outlook for agricultural markets
As we stand on the cusp of 2024, analysis of key agricultural sectors, including grain and oilseed markets, Merino wool, lamb, and cattle, reveals a complex landscape shaped by a myriad of factors. Mecardo’s latest analysis takes a look into the crystal ball of what 2024 might hold for growers.
How did the lamb market get here?
The last peak in lamb prices was 22 months ago, since then the lamb price (NSW trade lamb) has fallen 54%, hovering around 450¢/kg cwt. The question is, how did we get here and what is the outlook? The answer is entangled in a number of supply and demand factors that have created a market…
Horticulture on track to reach $20 billion by 2030
The value of horticulture increased to $15.6 billion in 2021/22 that’s up 2.5% year on year.
Positive projections for beef producers
While many parts of the agricultural sector continue to experience volatility, the outlook for Australian beef is stable, according to market analyst Mecardo.