INDEPENDENT NEWS

Solid returns expected for red meat sector in 2019

Published: Fri 16 Nov 2018 10:30 AM
Solid returns expected for red meat sector in 2019 with sheepmeat leading the way – industry report
While some downward pressure is expected on beef prices in next 12 months, sheepmeat pricing is anticipated to remain strong, signalling another year of solid returns for New Zealand’s red meat sector in 2019, according to a recently-released report by agricultural lending specialist Rabobank.
In its Global Animal Protein Outlook 2019 – Value, not volume: The new growth focus Rabobank says increasing global beef supplies, combined with weakened US demand, are expected to put downward pressure on New Zealand’s beef export returns throughout 2019, however, a more favourable exchange rate is forecast to soften some of the impact on farm gate beef prices.
Full media release attached.
http://img.scoop.co.nz/media/pdfs/1811/Media_Release__Solid_returns_expected_for_red_meat_sector_in_2019_with_sheepmeat_leading_the_way__industry_report.pdf
ends

Next in Business, Science, and Tech

Pre-Budget speech to the Craigs Investors Conference
By: New Zealand Government
Commission warns Spark for misleading in-contract customers
By: Commerce Commission
Resist rushing to new “deepfake” law, study finds
By: The New Zealand Law Foundation
Addition of Huawei and affiliates to the Entity List 16/5/19
By: US Department of Commerce
BUDGET 2019: NZ debt target to be more flexible from 2022
By: BusinessDesk
Robertson concedes defeat on budget rules
By: New Zealand National Party
Deepfake and the law - Expert Reaction
By: Science Media Centre
Huawei on US Executive Order, Commerce Dept Decision
By: Huawei
ComCom says 5G build excluding Huawei could cost more
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media