Weight loss medication, Trump and conflicts form ag | Australian Markets
The use of weight loss medication may change what Australians eat, with the agriculture industry eyeing a doable lower in food consumption.
Uptake of medication like Ozempic, which suppress the urge for food and make customers really feel full more shortly, have been listed amongst trends and drivers which will have an effect on Australia’s ag sector in 2025.
“While it is unlikely to be a game changer in 2025 for Australian food and agri products, the impact of reduced food consumption by individuals taking these medications should not be overlooked,” the Rabobank annual outlook stated.
Individuals utilizing the medication have swapped processed and calorie-dense meals for contemporary and protein-rich produce and yoghurt, in response to US research highlighted within the report.
Agriculture is broadly set to fare nicely, although US President Donald Trump’s proposed tariffs on imports had been anticipated to keep markets unstable.
Trump campaigned for the presidency on introducing tariffs of between 10 to twenty per cent on merchandise from different nations, together with 60 per cent on items from China.
He has since ordered US federal companies undertake a review of varied trade points by April 1.
The US is a key vacation spot for Australian beef, creating some uncertainty for producers and exporters.
“If trade duties are imposed as threatened, they are likely to be met with retaliation, with agri commodities possibly being impacted,” the report stated.
The battle within the Center East and rerouting of ships away from the Purple Sea as a consequence of piracy had been additionally behind continued market volatility, together with the battle in Ukraine.
Regardless of the geopolitical tensions and drought circumstances in components of South Australia, Western Australia and Victoria, agribusinesses had been typically set to do nicely.
Although soil moisture was decrease than in the beginning of 2024, a lot of Australia’s sheep and cattle nation has obtained enough rain to keep up feed provide.
“For beef and sheep producers, the outlook for farm-grown feed in the first half of 2025 overall once again looks promising,” RaboResearch’s Australia and New Zealand basic supervisor Stefan Vogel stated.
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