Beef prices climb as supply contracts in key markets
With production volumes contracting in most major beef-producing regions, global cattle prices have continued to rise across recent months.
Rabobank's regional manager for Australia and New Zealand, Mark Wiessing, is joining the bank's NZ board.
He replaces Lara Yocarini, who is stepping down after more than three years on the Rabobank New Zealand board.
Subject to regulatory approval, Yocarini has taken up a new role as chief executive officer of Rabobank's global asset finance subsidiary De Lage Landen (DLL). She will also be a member of Rabobank's managing board. Wiessing had more than 30 years' international experience in the financial sector, including postings in South America, Africa, Asia and Eastern Europe.
He joined Rabobank in 2006 and was regional manager South America and chief executive officer for Brazil for eight years prior to his appointment as regional manager for Rabobank Australia and New Zealand in May 2023.
Before joining Rabobank, Wiessing held roles with other leading financial institutions, including Standard Bank of South Africa, Citibank and ING.
OPINION: Environment Canterbury's (ECan) decision recently to declare a so-called “nitrate emergency” is laughable.
An early adopter of a 10-in-7 variable milking regime, the Lincoln University Demonstration Dairy Farm (LUDF) is tweaking the system this season in search of further boosting farm performance and profitability.
The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high farm costs, according to DairyNZ.
A shameless political stunt is how Federated Farmers is describing the Canterbury Regional Council decision to declare “a nitrate emergency” on the back of its latest annual groundwater quality survey.
Fonterra has delivered a fifth straight year of record organic milk price for farmer suppliers.
Fonterra says favourable weather conditions supporting pasture growth is boosting milk production.
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