Australian Harvest & Haul Index – March 2024

7th June 2024

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.

For further information and analysis contact Margules Groome.