Lamb returns forecast to remain low
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
ANZ has taken out CANSTAR's Best Agribusiness Bank award for 2015 – the fourth consecutive year it has won the award.
The award goes to the institution that provides the best combination of products and services to agribusiness customers.
CANSTAR New Zealand general manager Jose George says ANZ continues to strengthen its relevance to the agri sector.
"We were really impressed with how ANZ engages with its agri community through free educational seminars and customer workshops. We also like the fact that ANZ has dedicated agri managers in every part of the country," he says.
"ANZ stands out with their rural finance offerings ranging from a Farm Start-up Package through to their Supply Chain Finance. Taking home the award for the fourth year in a row is a considerable achievement; one that ANZ should be very proud of."
Graham Turley, ANZ's managing director commercial & agri says that winning the award recognises the depth of the expertise and quality of the products the bank offers.
"Our business term loans, credit cards and cash management accounts were stand-out features that helped secure this award."
"We were also recognised for our disaster relief support, environmental loans and work in the community," he says.
Turley says the award is a tremendous reflection of the hard work and commitment of everyone in the sector who provides support for the New Zealand agribusiness industry.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
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Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
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