Figure 1: Australian Harvest & Haulage Cost Index June 2024, Nominal
Sources: ABS, AIP, Margules Groome
Margules Groome’s quarterly harvest and haulage cost index for Australian plantation operations is based on price indexation mechanisms used by the industry, weighted by volume harvested (Figure 1). The index continued its flat trajectory from the March quarter into the June quarter 2024. The slight downward trend from the recent September 2023 peak also effectively continued. Again, lower fuel prices were the key driver, outweighing increases in wages and CPI measures.
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