Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
New Zealand is set to ride a wave of change in the coming year, but the dairy sector is in better shape than the red meat sector, says Rabobank senior agricultural analyst Emma Higgins.
What will the Reserve Bank do with interest rates, when will the Chinese economy recover and will the geopolitical situation in the world get better or worse?
Last year's fourth quarter Rabobank Rural Confidence survey found New Zealand farmer confidence rebounding strongly off the back of improved dairy farmer sentiment, with farmers across all sectors more optimistic about the prospects for the agri economy.
A full rebalance of China’s dairy market is not expected in the near future, so dairy farmers in New Zealand and around the world will need to manage through more financial pain in the months ahead.
China's slower than expected recovery from Covid-19 and an oversupply of Australian sheep meat is causing problems for NZ sheep farmers.
New Zealand dairy farmers are facing uncertain and complex times, says Rabobank’s senior agricultural analyst Emma Higgins.
A warning for some people in the dairy industry to expect more pain before things come right by the end of the year.
The dairy sector is hurting but this isn’t a “super-cycle downturn”, says Rabobank senior agricultural analyst Emma Higgins.
Rabobank has announced an opening farmgate milk forecast of $8.20kg/MS for the 2023/24 season, while also highlighting vastly changed global dairy markets.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.