24th May 2022 Milk / Rabobank
Rabobank has forecast a farmgate milk price of $9.00kg/MS for the 2022/23 dairy season, with a ‘fog of uncertainty’ clouding demand.
Rabobank’s latest global dairy report says commodity prices are expected to remain elevated because production growth is not keeping up with demand.
A Rabobank report on the beef sector says global demand will keep prices high, with a raft of challenges plaguing the sector.
Food manufacturers should prepare for “highly dynamic” food markets in the year ahead as pandemic disruption to supply chains, input costs and consumer behaviour continues, says Rabobank.
Global supply shortages will underpin firm commodity prices for dairy this year, while returns for kiwifruit will stay elevated thanks to strong demand, says Rabobank.
Agility and resilience are watchwords for meat producers in a rapidly evolving market still suffering Covid-19 challenges.
Pricing for New Zealand beef remains strong despite turbulence in global beef markets, according to Rabobank’s latest Global Beef Quarterly report.
Rabobank has increased its forecast farmgate milk price for the 2021/22 dairy season to $8/kgMS – the same as peers including Fonterra.
Rabobank has hiked its farmgate milk price forecast by 60 cents to $7.60 kg/MS for the 2020/21 season.
NZ food and beverage start-ups are invited to apply for Rabobank’s 2021 Pitch programme for FoodBytes!
Improving commodity prices were the key reason cited by farmers expecting NZ’s agri economy to improve.
Significant investment has set the scene for global demand for insect ingredients, says Rabobank.
The high cost of producing milk in China had favoured importing New Zealand dairy products.
Lower demand for red meat is set to put pressure on prices, says agribusiness bankers Rabobank.