DAFF - Agriculture Market Intelligence Insights May 2023

Wednesday, May 31, 2023

Agriculture Market Intelligence Insights
May 2023

? How global energy prices are affecting the price of Australian farm inputs

Global energy prices have been falling since mid-last year. Has this translated into reduced costs for Australian farmers in 2023?

?? What is driving recent vegetable oil and cereal price volatility?

The price of vegetable oils and cereals fell again last month. Prices are now well below the 2022 records, yet remain high by historical standards.

A new imports dashboard is live: Improved access to data for key commodities

There is a new Chinese agriculture, fisheries, and forestry imports dashboard available on our website. Click for more information on the data and to explore further.

Kuwait extends the shelf-life limit for chilled vacuum-packed beef from 90 days to 120 days

Extended shelf-life for vacuum-packed meat reduces freight costs by enabling Australian chilled meat to be shipped via sea rather than air freight. Read the article to learn more.

The latest on identifying export market growth opportunities in Asia

Interested in the benefits of a large consumer base with diverse preferences in Asia? The ABARES report What Asia Wants: Long-term agrifood demand in Asia - 2023 Revision is out now.

Thanks for reading.

Best regards,

DAFF Market Intelligence and Engagement Team

International Strategy and Engagement Branch | Trade and International Division | Department of Agriculture, Fisheries and Forestry