Struggling? Give us a call
ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.
While the lowest lamb crop in 60 years should support prices, the market is being swamped by other factors at present, says the ASB in its weekly commodities report.
These other factors include strong UK supply and weak Chinese demand, the report says.
In the UK, the high pound is making British lamb expensive in Europe and thus more UK lamb staying put in its domestic market. At the same time, a push to buy local from supermarket chains is hurting prices of NZ imports, the ASB says.
On net, the ASB expects prices to stay under par for the rest of this season.A pick-up in demand next season is expected to lift prices to a more healthy level.
Beef and Lamb NZ's 2015 lamb crop report showed that the crop is the smallest in nearly 60 years. The number of lambs tailed this spring was down 6.7% or 1.73 million on the previous spring to 23.9 million head.
The drought led to fewer breeding ewes as well as a lower number of lambs per ewe.
All up, the smaller lamb crop should help support prices, however at the moment the lower NZ supply is being swamped by those other factors, the ASB says.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.