Thursday, April 11, 2013

Weak Pillars

No sooner had Loose Change posted concerns re the dry wet season than April has delivered some rain. Whether (sic) this will be adequate or in the right places will have to wait. What will it mean for the quality of tableland vegetables? Will it save the crisis for interior cattle graziers?

Meanwhile back on the coast it must be said that the sugar bulwark of FNQ agriculture is not having a good year on global markets! While sugar prices have become less volatile they continue to confirm a consistent downward trend. That is $US so with the $AUD pushing at new highs on a trade weighted basis the returns in local currency are diminishing!

Not so long ago there was also an 'injection' to growers from the contentious foreign takeovers of sugar mills.

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