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

 

Solid returns expected for red meat sector in 2019

Solid returns expected for red meat sector in 2019 with sheepmeat leading the way – industry report

While some downward pressure is expected on beef prices in next 12 months, sheepmeat pricing is anticipated to remain strong, signalling another year of solid returns for New Zealand’s red meat sector in 2019, according to a recently-released report by agricultural lending specialist Rabobank.

In its Global Animal Protein Outlook 2019 – Value, not volume: The new growth focus Rabobank says increasing global beef supplies, combined with weakened US demand, are expected to put downward pressure on New Zealand’s beef export returns throughout 2019, however, a more favourable exchange rate is forecast to soften some of the impact on farm gate beef prices.

Full media release attached.

http://img.scoop.co.nz/media/pdfs/1811/Media_Release__Solid_returns_expected_for_red_meat_sector_in_2019_with_sheepmeat_leading_the_way__industry_report.pdf


ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Interim Crown Accounts: Minister Sees Strong Economic Fundamentals

Stronger-than-forecast wage and employment growth, and higher company profits are shown in the figures for the eleven months to 31 May. More>>

ALSO:

1.5 Percent: Official Cash Rate Unchanged

The Official Cash Rate (OCR) remains at 1.5 percent. Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives. More>>

ALSO:

IMF On NZ: Near-Term Boost, Risks Tilted To Downside

New Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly tilted to the downside, according to the International Monetary Fund. More>>

ALSO:

Traceability: NZ To Track Satellites, Eggs

The New Zealand Space Agency (NZSA) is continuing to build its capability as a regulator of space activity with a new pilot project which allows officials to see real-time information on the orbital position of satellites launched from New Zealand. More>>

ALSO:

OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>

ALSO:

RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>

ALSO: