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Agribusiness Monthly

Latest agribusiness snapshot: March 2017

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Wheat Farming

Grains and oilseeds

With ample supply of grain limiting the price upside in coming months, the value of the Australian dollar will likely be the driver in any shifts in local wheat prices in coming months.

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Cattle prices continued to ease into March with the drier conditions over summer taking some of the heat out of producer restocking demands.

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Rabobank expects export-orientated milk prices to gradually increase in 2017/18, with dairy farmers also to benefit from a better supply of home-grown feed and affordable supplementary feed.

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Drought in inner Mongolia in 2016 has reduced their sheepmeat production and, as a result, Chinese sheepmeat imports are expected to be higher in 2017.

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Agribusiness Monthly 2017