Australian oilseed growers are optimistic off the back of a record harvest as global prices boom amid worldwide supply issues.
Natural disasters and trade bans are creating a perfect storm for Australian vegetable oil producers as prices skyrocket globally.Australia Oilseeds Federation chief executive Nick Goddard says he expects the prices to remain highWar in Ukraine and a drought in Canada have left a hole in the market, which has been filled by Australia's record harvest.
Chief executive Nick Goddard said he expected prices to remain high due to the tight global supply and a record national harvest of 6.4 million tonnes last year could see Australian farmers earn big money this year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$A knocked lower by commodities, Fed moodThe Australian dollar tumbled below US72¢ and bond yields scaled fresh highs as investors prepare for a bevy of interest rate increases and commodity prices retreat.
Read more »
People finding ‘what it means to be an Australian’: Brendan Nelson
Read more »
One in four Aussies struggling due to rising cost of livingA new survey has shown one in four Australians are struggling with the rising cost of living, with fuel and grocery prices putting increased strain on families and households. 9News
Read more »
One in four Aussies struggling due to rising cost of livingA new survey has shown one in four Australians are struggling with the rising cost of living, with fuel and grocery prices putting increased strain on families and households. 9News
Read more »
Younger Australians are seeing ‘evil in this world’ for the first time
Read more »
Petrol station hit with fine from oil giant for anti-Biden stickersOil giant BP has fined a US petrol station owner $400 because a customer attached a sticker to her pump which blamed the country's President Joe Biden for the country's high gas prices.
Read more »