The caretaker period for the NSW Election commenced on 1 March 2019. Accordingly, no ministerial press releases or related information issued by the Government from 1 March 2019 will be available on this website. For copies of recently-issued ministerial press releases or information on the election policies of any political party, please go to the website of the relevant political party.

Weekly Commodity Report

Report prepared 22 February 2019.

Wheat

$425/t (APW)

Steady

Decrease in yield and planted area saw the ABARES Crop Report downgrade NSW wheat production estimate to 1.8 mt, down from 4.495 mt in 2017
Source: Ag Scientia

Barley

$365/t (feed)

Steady

Prices have declined in early 2019 as international consumers substituted barley for cheaper commodities and demand softened from Saudi Arabia
Source: The Land

Sorghum

$375/t

Up 1.4%

Prices increased with high demand for feed across eastern states, supply is limited due to prolonged heatwave conditions and below-average rainfall
Source: AgVantage

Cotton

$580/bale

Up 0.3%

Low trading volumes with a public holiday in the US; ongoing US/China trade talks produced uncertainty and no positive news holding the market steady
Source: Namoi Cotton

Oilseeds

(Canola)

$612/t

Steady

Prices remained steady while ABARES Crop Report estimated NSW production 152,000 tonnes, down 75% on 2017; the lowest yield in 10 years at 0.8 t/ha
Source: Agfarm

Pulses

(Chickpeas)

$725/t

Steady

Prices have remained steady this week with the release of ABARES Crop Report, which estimated NSW chickpea production at 22,000 tonnes, down 95% yoy
Source: ABARES

Sugar

$410/t

Up 8.2%

Sugar traded higher this week however this is expected to be short term as overall global supply and demand remains in surplus for the time being
Source: QSL

Cattle

450c/kg (EYCI cwt)

Down -2.3%

East coast cattle slaughter is at its highest in 4 years extending the downward trend on cattle prices, while west coast remain trading at a premium
Source: Mecardo

Cows

174c/kg (lwt)

Down -3.3%

Solid export demand has steadied the fall in cow prices that may have been more pronounced given the drought driven heightened level of supply
Source: MLA

Lamb

668c/kg (NTLI cwt)

Up 4.4%

Prices increased this week following a monthlong decline. Low paddock feed and below-average lambing rates likely to affect prices over coming months
Source: Mecardo

Wool

2,344c/kg (Mel 21mc

Up 2.8%

Prices increased with Chinese interest at auction after China imposed an import ban of South African wool due to an outbreak of foot-and-mouth disease
Source: AWI

Weather

Another dry week with the worst of the summer heat behind us. BOM predict an El Nino developing in autumn or winter remain elevated
Source: AWB