Stay updated with breaking news from Kwinana canola. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Will Aussie agricultural commodity prices see another record-breaking year? Brooke Cooper | March 11, 2021 1:41pm | More on: Image Source: Getty Images According to Rabobank’s monthly agribusiness report, Australian commodity prices are looking to gain this year despite a record-breaking 2020. Australian agricultural commodities saw their highest prices on record last year, as prices soared approximately 18% between September 2019 and March 2020. The report found that, thanks to La Niña and demand from China, the majority of commodities produced in Australia are in for another good year. Canola The price of canola is currently close to record-breaking – Western Australian genetically modified (GM) Kwinana Canola is trading 6% higher than last year, while non-GM canola is up 15%. These gains are due to strong Chinese demand and poor European and Canadian production. ....