Rabobank predicts that gross profit from all winter crops in Australia will rise in 2024–2025 due to decreased production costs. The wheat crop for 2024-25 is expected to see the largest gross margin increase of around 34% compared to the previous season, making it the most profitable crop along with barley. Despite a predicted drop in wheat prices, a significant reduction in variable costs for fertilizers and chemicals will enhance gross margins. Australian farmers are also relying on barley to meet China's demand, keeping the crop area over 4 million hectares in 2024-2025.
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Wheat is Australia's biggest source of income after beef, with total wheat acreage remaining above 12 million hectares in the 2024-25 season, and farmers are also banking on barley to supply China. The AgroXXI.ru portal has read an article published in the Australian online agronomic magazine Grain Central, which provides a Rabobank forecast: “According to Rabobank, gross profit from all winter crops in Australia will increase in 2024–2025 against the backdrop of lower production costs. A related Rabobank report forecasts that the 2024-25 wheat crop will have the largest increase in gross margin compared to the previous season, at around 34 percent, up 14 percent from 2023-24. Average gross margins for barley are estimated at 33%, up 8% on last season, and canola is expected to see a similar jump of 26%, up 9%. The report's author, RaboResearch grains and oilseeds analyst Vitor Pistoia, noted that this trend could benefit wheat crops, with gross margins for the 2024-25 crop ...
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