11th March 2024 Exports / Rabobank
Dairy product price forecasts in most key regions indicate a better year following a challenging 2023, says Rabobank.
Beef export volumes from New Zealand for September 2023 were down 5% year on year, according to Rabobank.
More financial pain is expected for dairy farmers, but a demand-led resurgence is increasingly possible, according to the latest Rabobank Global Dairy quarterly report.
There has been a reshuffle at the top of Rabobank’s annual ranking of global dairy firms as currency fluctuations, inflation and pricing come to the fore.
New Zealand agriculture faces an uphill trek in 2023, with the difficulty of the climb set to hinge on four ‘wildcard’ factors, according to a new report by agribusiness banking specialist Rabobank.
Tight global beef supplies and steady demand for New Zealand beef are expected to support good farmgate prices for Kiwi beef producers, says Rabobank.
The annual trans-Tasman Rabobank Leadership Awards are returning after a three-year Covid-enforced hiatus – with nominations now open for 2023.
Spiralling costs for a host of key farm inputs – including fuel, fertiliser, feed and labour – have driven farmer confidence to its lowest level since the start of the Covid-19 pandemic in early 2020, according to 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.
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