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Wednesday, March 09, 2016

Lamb may reach 600¢ but unlikely to average

By Angus Brown  |  Source: ABARES, MLA

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) recently released its production and price forecasts for Australian commodities, and one particular forecast caught our eye. ABARES are expecting lamb prices to average 600¢/kg cwt in the 2016-17 financial year. We take a look at the reasoning and chances of this occurring.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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