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

 

Supply pressure building in major world beef markets

It’s been a positive start to 2018 for the global beef sector – with production and consumption up and prices generally favourable – however, building pressures in some of the world’s major beef-producing nations have the potential to change export market dynamics, with implications for New Zealand, according to a recently-released industry report.

In its Beef Quarterly Q2 2018 – Production continuing to Grow, but Supply Pressure Starting to Mount, agribusiness banking specialist Rabobank says supply pressure is growing in global beef markets due to dry weather conditions in the US, a surplus of animal protein in Brazil and changes in live cattle trade out of Australia.

Report co-author, Rabobank New Zealand animal proteins analyst Blake Holgate says the degree to which these supply pressures continue to build will determine the extent of their impact on global markets.

“Each of these factors has the potential to cause major disruption to global beef trade flows and to drive global beef pricing lower. In coming months beef producers here in New Zealand and internationally will be hoping for developments that relieve these pressures and ensure beef markets remain balanced moving into the second half of 2018,” he said.



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Provincial Growth Fund: Backing Growth In Gore

“Today’s announcements are a $1.6 million investment towards the Maruawai precinct project, which involves the redevelopment of the Hokonui Moonshine Museum and creation of the Maruawai Heritage Centre...” More>>

ALSO:

Inflation: Cigarette Price Rise Offsets Cheaper Petrol

The consumers price index (CPI) rose 0.1 percent in the March 2019 quarter, due to higher prices for cigarettes, Stats NZ said today... In the year to March 2019, the inflation rate was 1.5 percent, down from 1.9 percent in the December 2018 year. More>>

ALSO:

Government Suppliers: MBIE Reinstates Fuji Xerox As A

The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. More>>

ALSO:

PSI: Service Sector Growth At Lowest Level Since 2012

April 15 (BusinessDesk) - New Zealand’s services sector activity grew at its slowest pace in more than six years in March, potentially signalling a slowdown in the domestic economy. More>>

ALSO: