Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Situation and Outlook for NZ Ag. And Forestry

Situation and Outlook for New Zealand agriculture and forestry published

Higher earnings from agriculture and forestry are expected to continue, Agriculture Minister Jim Sutton said today.

Mr Sutton said the Situation and Outlook for New Zealand Agriculture and Forestry report, published by the Ministry of Agriculture and Forestry today, indicated that the good prices and exchange rate experienced by farmers during the past season should last for another couple of years, at least.

However, he emphasised that the SONZAF report had been completed before the terrorist attacks in the United States on September 12. The economic impact of these, medium and long-term, is still uncertain.

"Analysis of risk areas in our trade, particularly with the United States, indicates that food items in general should be more immune to any reduction in imports compared to other discretionary items, unless a recession bites hard.

"Manufactured goods could be hit harder, though it is possible there will be growth in niche areas, less directly exposed to consumer sentiment."

The SONZAF report says the outlook for agriculture and forestry to 2005 is underpinned by generally improving world growth prospects. Appreciating exchange rates for the New Zealand dollar with respect to major trading partners are anticipated, reflecting the improvement to economic fundamentals over the past couple of years, although Mr Sutton emphasised the difficulty of predicting international events.

"Relatively stable, to rising, prices for key export products are expected. Together with rising beef and dairy cattle numbers, rising deer numbers, increasing wood harvest volumes, and continuing productivity growth, the outlook for agriculture and forestry looks promising."

Milksolids payouts are expected to remain at or in excess of 450c a kilogram, against a background of improving international prices and an appreciating NZ dollar over the medium term.

Manufacturing cow schedule prices from 2001 to 2005 are expected to remain significantly higher than prices received in the early to mid-1990s. Lamb prices around $60 a head are expected during 2001 to 2005, significantly higher than the five years earlier.

Wool auction prices for 2001 to 2005 at around 500 cents a kilogram are expected to be slightly better than the preceding five year period.

Kiwifruit and apple prices to growers, however, are expected to fall during 2001 to 2005.

Lumber prices are also expected to fall from 2002 to 2005, due to an appreciating New Zealand dollar counteracting steady to firming international prices.

Wood pulp and panel prices are expected to fall from 2002 to 2004, rising again in 2005.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels