RaboResearch sees positives in Alliance–Dawn Meats deal
RaboResearch, the research arm of specialist agriculture industry banker Rabobank, sees positives for the Alliance Group in its proposed majority-stake sale to Ireland's Dawn Meats.
New Zealand's dairy producers are gearing up for a better season on the back of higher commodity prices, according to a visiting dairy analyst.
Rabobank's Australian-based senior dairy analyst Michael Harvey is touring the North Island this week and meeting with dairy farmers to discuss what's in store for the coming months.
"Milk production will return to growth in key export regions in late 2013, as farmers in the Southern Hemisphere get a crack at farm gate milk prices 20 to 33% higher than 12 months prior, and all farmers see a substantial reduction in the cost of bought in feed," Harvey says.
"Prices are likely to drift down, as some demand is 'choked off' in emerging markets and buyers at least see a new season commencing in the Southern Hemisphere, but the shift will be limited."
Speaking at Rabobank functions in Carterton, Hamilton, Putaruru, Morrinsville, Waihi, and Whakatane this week, Harvey says weather conditions have improved markedly through March and April with virtually all key dairying regions in New Zealand experiencing good rainfall and mild temperatures.
"Production will then edge marginally above prior year levels as the season builds, with the benefits of a slightly larger herd and the ability to buy feed, offsetting mixed cow conditions and low feed reserves," he says.
"Looking at the global situation, from early 2014 we should see a stronger supply response from most major dairy exporters, and this will create bounce in export product availability and provide relief from extreme shortages."
Following his tour, Harvey will release his latest research report on the South East Asian dairy industry titled, 'Dairy – Milk for the ASEAN-6 tigers'.
The report highlights that dairy consumption growth has been outpacing local supply growth in the six ASEAN countries (Indonesia, the Philippines, Vietnam, Thailand, Singapore and Malaysia) which is creating substantial trade opportunities for dairy export countries, like New Zealand.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…