AAG Agri-business Index posts consecutive gains
The AAG Agri-Index has risen for a second consecutive fortnight, adding 1 per cent to its value over the period from the May 29 to June 11.
The diversified, producer and manufacturer sub-sectors gained 4 per cent, 2 per cent and 1 per cent respectively for the period.
An Australian Agribusiness Group media statement on the index said the sector is “continuing to see somewhat of a recovery in recent months”.
However, the AAG Agri-Index dropped 52 per cent over the 12-month period from July 1 last year to June 11 this year, compared to a “less volatile” 23 per cent for the All Ords index.
The manufacturer sub-sector has remained the hardest hit for the year, falling 56 per cent, while the producer sub-sector has fallen 37 per cent.
The diversified sub-sector is the only sector to continue to produce a positive result, having increased 12 per cent since the July 1 last year.
Recommended for you
While returns and fees are the top priority for older Australians when it comes to their superannuation, more than one in 10 are calling for access to tailored financial advice.
Determinations by the FSCP since the start of 2025 are almost double the number in the same period of 2024, with non-concessional contribution cap errors and incorrect advice among the issues.
Whether received via human or digital means, financial advice is reportedly leading to lower stress and more confidence, according to Vanguard.
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
