The Hound understands that Mike Petersen’s time as NZ agriculture’s special trade envoy will soon end.
Lamb prices have cracked the $8/kg mark for the second successive year and things could get even better.
New Zealand beef exports to China are booming, thanks to trade tensions and a disease outbreak in China’s pork industry.
Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.
Sheep farmers are in for another year of solid returns, says ASB’s senior rural economist Nathan Penny.
Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.
Was last week’s 3.4% drop in the Global Dairy Trade overall price index a warning sign or a temporary dip? Economists are divided.
Lamb prices look set to bottom out just below $7/kg as the end of the season nears, according to ASB senior rural economist Nathan Penny.
Conditions are in place for the start of a new dairy price cycle, says ASB senior rural economist, Nathan Penny.