Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


No Need For Panic But Plans Must Be Made

18 April 2001 PR 50/2001

No Need For Panic But Plans Must Be Made

Chairman of the Grains Council of Federated Farmers of New Zealand, Neil Barton today reassured livestock farmers by saying that there is sufficient feed grain in the South Island to meet known livestock needs this winter. "However, I urge those farmers anticipating a feed shortfall to contact their usual merchant or supplier as soon as possible" said Mr Barton.

Drought conditions have caused an unprecedented demand for supplementary livestock feed. The price of feed grain, particularly barley has risen because of higher demand from livestock farmers. However, President of the New Zealand Grain and Seed Trade Association, Mr Grigor, told the April meeting of the Executive of the Grains Council of Federated Farmers that there is more than sufficient feed grain in the South Island to meet the known stock feed requirements.

"We have been assured that there is at least one grain broker who has plentiful supplies of South Island grain available now," said Mr Barton.

Most grain grown in New Zealand is grown under contract, either for the domestic milling and feed market or the export malting market. Feed barley contracts prices are at $200 to $225/tonne and contract feed wheat $220 to $230/tonne. Because of the increased demand from livestock farmers, free grain prices (not under contract) have risen substantially in recent weeks. Barley prices have risen by over $100 per tonne and feed wheat by almost $80/tonne to over $300.

Feed wheat can be used as well as barley to supplement animal rations. It has higher energy value than feed barley, but must be used carefully and fed with other high fibre feeds such as hay or straws.

"Importing grain is not a ready alternative because it may contain prohibited weeds and not be able to be fed out on farm. Even if imported barley were a viable option, the current landed price would be higher than that of domestic barley," said Mr Barton.

"The New Zealand barley market is finely balanced between supply and demand. My message to the prudent farmer concerned about a shortfall of winter-feed is to act now to secure your feed requirements."


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news