Rabobank Agribusiness Monthly (NZ) - September 2015
Rabobank’s Agribusiness Monthly provides timely information and analysis on agricultural conditions, commodity price updates and commentary on the
latest sectoral trends and developments.
Key highlights
Agribusiness Monthly
• Dairy - Global commodity prices have shown signs of recovery in recent weeks, as international buyers look for short-term cover,
given that prices appear to have reached a floor.
• Beef - Steady demand from the US continues to fuel farmgate prices, with record levels reached this September (NZD 6.10/kg
cwt). Prices have edged up 33% from last year, supported by seasonal tightening of supplies.
• Sheepmeat - Farmgate prices have continued to improve into September 2015, with supply tightening heading into lambing season.
• Wool - Price improvement has been heavily supported by the weakening NZ dollar. The weighted currency indicator fell below
0.60 in mid-September, helping to push the price rises seen across all wool types.
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