March 26, 2021

Heavy Rains and Chinese protein shortage underpin Australian Agri credit


Heavy rains this week throughout NSW have confirmed what many already knew – the drought in many parts of the state is over.

Figure 1: Australian Rainfall Analysis

Figure 2: 2020/21 Murray-Darling Basin Allocation Trade History, Bureau of Meteorology 

Figure 3: Chinese Pork Imports being maintained at 3-4 times historical levels

Figure 4: Chinese Beef Imports being maintained at 3 -4 times historical levels

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