Coles found that food price inflation had moderated in the most recent half, driven by a decrease in fresh produce costs and a decline in meat prices due to falling livestock prices.
Woolworths’ Brad Banducci has announced his retirement after more than eight years in the top job, on the same day as its half year 2024 results showed a 10% increase to food earnings.
Melbourne has been identified as the ideal location for expanded domestic processing of wool in Australia, according to a WoolProducers Australia report aimed at ways to grow exports and mitigate trade risk.
Trade logistics are set to become increasingly challenging for Australia’s agricultural sector with the escalating tensions in the Red Sea and home-grown industrial action disrupting global trade.
Farmers are fearful of being sold out at the 11th hour in Australia-European Union free trade agreement talks, as trade officials head back to the negotiating table.
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