New Zealand Agribusiness Monthly & Covid-19 Update November 2020
October 2020
Here are the main highlights for some of New Zealand’s key commodities. The full report provides an overview of the developments to watch in the upcoming weeks.
Highlights
- Retail sales are rising in most key markets for NZ F&A
- Robust Chinese demand for dairy is underpinning Oceania prices, with the downside risk of elevated stocks and growing local milk supplies
- Sheep meat prices will come under normal downward pressure as new season lamb supplies start increasing
- Retail demand for wine is expected to remain in place across 2020
- A return to growth for fresh produce is expected in 2021
