Rabobank Agribusiness Monthly (NZ) - April 2016
The Agribusiness Monthly provides timely information and analysis on agricultural conditions, commodity price updates
and commentary on the latest sectoral trends and developments.
• Dairy – Global commodity prices continue to stumble along a market floor largely determined by the level of EU
intervention support—and the ceiling for this support has just been approved higher.
• Beef – New Zealand farmgate prices have remained relatively stable so far in 2016, particularly in light of a volatile
currency, slow demand from the US and a spike in dairy-related cattle slaughter.
• Sheepmeat – NZD 4.65/kg cwt, while prices in the North Island averaged NZD 4.95/kg cwt : 8% and 4% lower YOY,
• Wool - New Zealand wool prices remain strong, despite coming off the peaks seen earlier in the season. The coarse
crossbred indicator sits 13% above the five-year April average.
Full report attached.