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


Feed Market Not Yet Performing

11 March 02 PR28/02
Feed Market Not Yet Performing

The current prices in the South Island feed grain market are not a true indication of the value of feed grain this year, says Neil Barton, Grains Council Chairman.

"Grain drying facilities are stretched to the limit and it is too early to determine the total quantity of feed grain that will be available. Significant tonnages of early wheat and barley will have been downgraded," Mr Barton said

"Storage shortages or possibly cash flow problems are putting growers under pressure to move grain and accept prices that don't reflect the true value of the grain to New Zealand end users.

"Demand for feed grain will increase over last year as the poultry industry expects growth of 8%, and the pork industry is currently riding on a high.

"End users struggled to fill contracts for maize grain this year, as growers have decreased maize grain production in favour of higher value maize silage for the dairy industry.

"Decreased plantings of maize for grain coupled with the poor North Island growing season has given rise to industry estimates that this year's maize grain crop could be 30-40% below last year's tonnage.

"Some end users have been importing Australian barley at $350/t and sorghum at 320/t landed in Tauranga to make up some of the shortfall.

"Growers should be aware that there is a significant market for feed grain in the North Island and may wish to wait for the market to begin functioning properly."


For more information: Neil Barton, Grains Council, PH 03 688 8238 or 021 441 125 Syd Worsfold, United Wheat Growers Ltd, PH 03 318 8150

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news