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.
Sheep farmers are in for another year of solid returns, says ASB’s senior rural economist Nathan Penny.
Soaring butter prices may see next season’s milk price go beyond $7/kgMS – even as high as the mid sevens.
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.
A big reduction in European stocks of skim milk powder (SMP) was behind its whopping 10.3% rise in price at last week’s auction, economists concur.