Saturday, 13 February 2016 17:55

Strong year for all but dairy

Written by 
While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors. While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

While dairy faces another tough year, Rabobank foresees a generally strong year ahead for most other agricultural sectors.

Rabobank general manager of Food & Agribusiness Research Tim Hunt says solid demand in key offshore markets, recent progress in export development and generally tight global supply is likely to bring another good year for New Zealand producers of beef, wool and horticultural products.

"While beef prices have lost some ground in recent months, they remain well above multi-year average levels, and are expected to receive support from a generally tight global market," he says, commenting on the banks Agribusiness Outlook 2016.

"Wool producers will face headwinds from cheap synthetic fibres, but see support from declining production in New Zealand and Australia."

Hunt says the wine industry was looking set for a better year in 2016, with improved climatic conditions likely to underpin an increase in production, average prices holding up well and good momentum for New Zealand product sales in the US and Chinese market.

"The trend in consumer preferences is positive for New Zealand wine, as we see a shift towards higher-priced wine and lighter styles," he says.

 

More like this

NZ cashing in on boutique foods

New Zealand has been better than Australia at capitalising on the market for boutique foods, according to a top Australian scientist.

Farmers want clarity – Guy

Farmers want policy certainty and are petrified about “kneejerk popular politics” similar to what the Government did with the oil and gas industry, says National agriculture spokesman Nathan Guy.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

MooFree May

UK activists have resumed their attack on the dairy industry.

Fresh is best

The shelf life of fresh milk can be extended up to two months by a technology developed by an Australian…

 
 

» Connect with Dairy News