Displaying items by tag: markets

US beef and pork producers are bemoaning their lack of access to the huge Chinese market.

The severity of the recent change in dairy fortunes has certainly been a left-field event. How such a dramatic change has emerged without warning and how businesses can best respond are key issues. 

The world's cheese business was worth US$216 billion last year, and in four years should be worth US$237b, says market research company Canadean. 

Oversupply is still the underlying weakness affecting dairy prices, says ASB rural economist Nathan Penny.

The weakening New Zealand dollar helped local prices this week with most types increasing by the corresponding currency change, says NZWSI general manager, John Dawson.

The first wool auction of the 2015/16 season saw a 92% clearance with a slightly softer tone, says NZWI general manager, John Dawson.

The latest combined North and South Island wool auction saw a 91% clearance and a generally firm market, says NZWSI general manager, John Dawson.

Despite the gloom that hangs over the dairy industry at present, the Ministry for Primary Industries is predicting a much brighter future for the primary sector in four years.

Global dairy prices continue their downward slide, with last night's auction seeing the average price index drop 1.3% to US$2,409/MT.

Global beef consumption will not increase markedly in the next few years, but on the plus side it has been reaching record prices, as have all meats, says Aidan Connolly, chief innovation officer for animal nutrition company Alltech.