Saturday, 13 February 2016 17:55

Strong year for all but dairy

Written by 
While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors. While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

Rabobank general manager of Food & Agribusiness Research Tim Hunt says solid demand in key offshore markets, recent progress in export development and generally tight global supply is likely to bring another good year for New Zealand producers of beef, wool and horticultural products.

"While beef prices have lost some ground in recent months, they remain well above multi-year average levels, and are expected to receive support from a generally tight global market," he says, commenting on the banks Agribusiness Outlook 2016.

"Wool producers will face headwinds from cheap synthetic fibres, but see support from declining production in New Zealand and Australia."

Hunt says the wine industry was looking set for a better year in 2016, with improved climatic conditions likely to underpin an increase in production, average prices holding up well and good momentum for New Zealand product sales in the US and Chinese market.

"The trend in consumer preferences is positive for New Zealand wine, as we see a shift towards higher-priced wine and lighter styles," he says.

More like this

Take us with you — Editorial

OPINION: According to a newly released Rabobank report, New Zealand farm businesses need to get ready for the full cost of environmental policies coming down the track as they make future investment decisions.

Banking on gumboot move

It's a change of scenery, customer and supply chain for Skellerup’s incoming agri division head, Hayley Gourley.

» The RNG Weather Report

Featured

What’s your favourite plant?

Forest owners are urging people to vote for tōtara as plant of the year in a poll being conducted by the New Zealand Plant Conservation Network.

 

Food bowl or toilet bowl?

New Zealand shouldn't become a 'toilet bowl' of trees for other countries' carbon dioxide commitments, explains John Jackson.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Angry as usual

The usual culprits are angry at hearing last week that the Government and the agri sector will work together to…

Vladimir the dairy farmer

Russian President Vladimir Putin is a master tactician in taking advantage of international conflicts.

» Connect with Dairy News