Figure 1: Australian Harvest & Haulage Cost Index March 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 held its flat trajectory in the March quarter 2024 continuing its slightly downward trend from the recent September 2023 peak. Again, lower fuel prices were the key driver, outweighing increases in wages and CPI measures.
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