11th June 2021 Milk / Rabobank
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.