Lamb and Grain Prices Pushing Commodities
Lamb and grain prices have driven up NAB's Rural Commodities Index by 1.3% last month, with continuing dry conditions in Eastern Australia pushing feed prices higher.
Wayne shared the latest report from NAB’s Rural Commodities Wrap on today's Morning Workflow.
According to the Bureau of Meteorology’s three month outlook, the majority of Australia is predicted to see less than average rainfall through to the end of October.
Northern Victoria, southern NSW and the south-east of South Australia are expected to face the most challenging conditions, with Western Australia now likely to see lower than average rainfall too. For more news from the rural sector, join Wayne on the Morning Workflow, Monday to Thursday from 10am on Flow FM.