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Feb 2014 Rabobank Agribusiness & Rural Economic Monthly
February 2014 - Rabobank Agribusiness Monthly & Rural Economics Monthly
The Rabobank Agribusiness Monthly provides timely information and analysis on agricultural conditions, commodity price updates and commentary on the latest sectoral trends and developments. In conjunction, the Rural Economics Monthly provides a useful overview of the key macro developments in the local and global economies while also covering specific economic developments relevant to New Zealand and Australian agricultural sectors.
Key highlights
Agribusiness
Monthly
• Beef – Strong Chinese demand drives growth in beef exports
• Dairy – Chinese supply issues to drive commodity markets in 2014
• Other costs – Baltic Dry Index weak as global economy takes wrong turn
• Fertilizer - All eyes on demand fundamentals in 2014
• Climate - Mostly normal outlook for New Zealand
• Currency – New Zealand dollar supported by solid economic growth
Rural Economics Monthly
• The RBNZ leaves
the official cash rate on hold in January, but makes its
future intentions very clear
• New Zealand rural commodity prices lift further in January on higher dairy prices and a lower NZD
• Global GDP growth is expected to strengthen in 2014 as major advanced economies assume a greater role
• Removal of monetary stimulus in the U.S. will elevate the USD, but the NZD isn’t expected to yield
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
