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Emma Higgins, Rabobank
The Chinese Government has unveiled a major stimulus package to revive flagging economic growth, so will this help New Zealand food and fibre exports to the lucrative market?
Rabobank dairy analyst Emma Higgins believes it's still early days.
"We will need to see fundamental positive change to income for consumers and also increase confidence within China before we can get excited about this stimulus package having a significant impact on our food and fibre exports," she told Rural News.
"These announcements are a step in the right direction for these fundamentals to change, however, it's early days."
Adopting a suite of measures to reduce borrowing costs, the People's Bank of China cut interest rates on existing mortgages by 0.5 percentage points and supported new lending by reducing the level of reserve banks must set aside before making loans.
Last week's Global Dairy Trade (GDT) auction saw whole milk powder prices rise 3% to US$3559/tonne, its highest average price on the platform for the past 24 months.
NZ dairy analyst Rosalind Crickett says future prices could be linked to the Chinese stimulus package.
"Looking ahead, there are a variety of factors at play to keep an eye on, particularly with the economic stimulus efforts by the Chinese government and the implications it will have on its domestic production and imports."
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
Global beef trade is expected to grow steadily over the next five years, driven by increasing demand from Asia and strategic export expansions by South American countries.
When it comes to international trade, politicians from all sides of the aisle are united, says Labour's trade spokesman Damien O'Connor.
Last month's Agritechnica event led to a wide group of manufacturers celebrating successes when the 2026 Tractor of the Year Competition winners, selected by a panel of European journalists, were announced in Hanover Germany.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
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