Agribusiness Monthly

Agribusiness Monthly

The Agribusiness Monthly provides timely information and analysis on agricultural conditions, commodity price updates and commentary on the latest sectoral trends and developments.

Key Highlights:

• Dairy – Despite dry conditions across much of New Zealand for February 2016, milk production across the country rose around 4% for the month as a result of weaker comparables, following last year’s drought.

• Beef – Farmgate beef prices should gradually improve heading into Q2, with a pick-up in seasonal demand from the US.

• Sheepmeat – A supply shortage of lambs is looming. Prices should begin to improve moving into Q2.

• Wool - Although coming back off the market highs in late 2015, prices remain strong in the coarse and fine crossbred markets.

Full report attached.

http://img.scoop.co.nz/media/pdfs/1603/Agribusiness_Monthly_March_2016_NZ.pdf

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