Brazil – drop in machinery sales

Sales of agricultural machinery fell in Brazil by 25% in 2023 (Brazil’s motor trade association).

New Zealand – milk price increase

Fonterra has increased its 2023/24 season forecast mid-point farmgate milk price to NZ$7.80/kg of milk solids, which is the equivalent of 28.43c/l excluding VAT.

Britain – 2023 steer price rise

The AHDB reports that the average R4L steer price in Britain increased by 11% in 2023 to £4.48/kg (€5.27/kg).

USA – wheat sales

The USDA reports that in the week to 1 February, US wheat sales increased by 17% on the previous week to 378,400t, but this was still 6% lower than the prior four-week average.