New Zealand Agribusiness Monthly June 2019
Our New Zealand Agribusiness Monthly for June provides a market outlook for dairy, beef, sheepmeat, and other key commodities, and gives an overview of what developments to watch in the weeks to come.
Highlights
Dairy: Rabobank expects NZ milk production to grow no more than 2% for the current 2018/19 season.
Beef: Rabobank expects tightening domestic supplies to put upward pressure on farmgate prices over the coming months, as production begins to wind down from its the seasonal peak.
Sheepmeat: Rabobank expects farmgate prices to continue to strengthen out to the end of the 2018/19 season (September).